$938 Closing Credit*
$79,000
1,488 SqFt
4 Beds
•1 Full Bath
Listing Office: RE/MAX Total Realty
Is 56013, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 56013 has remained a Seller's Market.
Key Takeaway
56013 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56013, MN
How much do homes in 56013, MN cost?
Median Sold Price
$157,500
$89/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,250(+3.4%)
Key Takeaway
Homes in 56013 have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in 56013 was $157,500 in October 2024, up 3.4% from last year, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $137.5K | $150K | +9.1% |
| 3 Bedrooms | $139.7K | $155K | +10.9% |
| 4 Bedrooms | $175K | $192K | +9.7% |
| 5+ Bedrooms | $106K | - | N/A |
Summary: 56013 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes did not change.
Housing Supply in 56013, MN
How many homes are available in 56013, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The 56013 real estate market had 11 homes for sale in October 2024, a 8.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56013 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 56013, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 56013 in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for 56013, MN
How long does it take to sell a home in 56013, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 14 Days | -9.6% |
Summary: Homes in 56013 had an average of 14 days on market in Oct 2024, down by 9.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56013 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 56013; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
