Housing Prices in 56016, MN

How much do homes in 56016, MN cost?

Median List Price

$189,900

$106/sqft

Based on all homes listed in the last 12 months.

Difference Since November 2023

+$10,900(+6.1%)

Key Takeaway

The list price of homes in 56016 has increased by 6.1% since last year.

Summary: The median home list price in 56016 was $189,900 in November 2024, up 6.1% from the previous year, and the median price per square foot was $106.

Median List Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $185K$143.7K
-22.3%
3 $179K$199.9K
+11.7%
4 $228K-
N/A
5+ --
N/A

Summary: 56016 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22.3%, 3 bedroom homes increased by 11.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median List Price Compared To Nearby Zip Codes

56042
+21.0%
56026
+20.0%
56016
+6.1%
56007
+4.0%
56045
+1.3%

Housing Supply in 56016, MN

How many homes are available in 56016, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
01+100.0%

Summary: The 56016 real estate market had 1 homes for sale in November 2024, a 100.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 01
+100.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 56016 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Days on Market for 56016, MN

How long does it take to sell a home in 56016, MN?

Average Listing Age

Nov 2023Nov 2024CHANGE
105 Days11 Days-89.5%

Summary: Homes in 56016 had an average listing age of 11 days in Nov 2024, down by 89.5% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 56016, MN

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