$3,027 Closing Credit*
$254,900
1,452 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: True Real Estate
Is 56003, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 56003 was a Neutral Market.
Key Takeaway
56003 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56003, MN
How much do homes in 56003, MN cost?
Median Sold Price
$335,000
$164/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$38,250(-10.2%)
Key Takeaway
Homes in 56003 have sold for 10.2% less than they did a month ago.
Summary: The median home sold price in 56003 was $335,000 in December 2024, down 10.2% from last month, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $246.5K | N/A |
| 3 Bedrooms | $305.5K | $475K | +55.5% |
| 4 Bedrooms | $429K | $329.7K | -23.1% |
| 5+ Bedrooms | $327.5K | - | N/A |
Summary: 56003 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 55.5%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 56082 | $200K | $407.7K | +103.9% |
| 56001 | $275K | $341.5K | +24.2% |
| 56003 | $373.2K | $335K | -10.2% |
Housing Supply in 56003, MN
How many homes are available in 56003, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 24 | 22 | -8.3% |
Summary: The 56003 real estate market had 22 homes for sale in December 2024, a 8.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 56003 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56003, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 56003 in December 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for 56003, MN
How long does it take to sell a home in 56003, MN?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 31 Days | 51 Days | +63.3% |
Summary: Homes in 56003 had an average of 51 days on market in Dec 2024, up by 63.3% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56003 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 7 homes were sold in 56003; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
