$2,920 Closing Credit*
$245,900
1,848 SqFt
3 Beds
•1 Full Bath
Listing Office: Century 21 Atwood
Is 56007, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 56007 has remained a Seller's Market.
Key Takeaway
56007 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56007, MN
How much do homes in 56007, MN cost?
Median Sold Price
$157,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$8,333(-5.0%)
Key Takeaway
Homes in 56007 have sold for 5% less than they did a year ago.
Summary: The median home sold price in 56007 was $157,000 in December 2024, down 5% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132.9K | $50K | -62.4% |
| 2 Bedrooms | $120K | $110.9K | -7.6% |
| 3 Bedrooms | $157.9K | $163K | +3.2% |
| 4 Bedrooms | $230K | $234.4K | +1.9% |
| 5+ Bedrooms | $303.5K | $325K | +7.1% |
Summary: 56007 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 62.4%, 2 bedroom homes decreased by 7.6%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 7.1%.
Housing Supply in 56007, MN
How many homes are available in 56007, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 96 | 88 | -8.3% |
Summary: The 56007 real estate market had 88 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 | 2 | 2 | 0.0% |
| 2 Bedrooms | 23 | 22 | -4.3% |
| 3 Bedrooms | 42 | 39 | -7.1% |
| 4 Bedrooms | 27 | 23 | -14.8% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 56007 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 decreased by 4.3%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 25 | 18 | -28.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56007, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 56007 in December 2024, down by 28.0% month-over-month. Of the 18 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for 56007, MN
How long does it take to sell a home in 56007, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 70 Days | 31 Days | -55.8% |
Summary: Homes in 56007 had an average of 31 days on market in Dec 2024, down by 55.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56007 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 18 homes were sold in 56007; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
