$13,000
Land
Listing Office: Help-U-Sell Heritage Real Est.
Is 56026, 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, 56026 has remained a Buyer's Market.
Key Takeaway
56026 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 56026, MN
How much do homes in 56026, MN cost?
Median Sold Price
$280,000
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$55,000(+24.4%)
Key Takeaway
Homes in 56026 have sold for 24.4% more than they did a year ago.
Summary: The median home sold price in 56026 was $280,000 in October 2024, up 24.4% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $280K | N/A |
| 2 Bedrooms | $164.9K | $239.9K | +45.4% |
| 3 Bedrooms | $259.9K | $275K | +5.8% |
| 4 Bedrooms | $246K | $515K | +109.3% |
| 5+ Bedrooms | $230K | - | N/A |
Summary: 56026 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 45.4%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 109.3%, and 5+ bedroom homes did not change.
Housing Supply in 56026, MN
How many homes are available in 56026, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Summary: The 56026 real estate market had 8 homes for sale in October 2024, a 33.3% increase 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56026 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 increased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56026, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in 56026 in October 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 56026, MN
How long does it take to sell a home in 56026, MN?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56026 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in 56026; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
