$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 December 2023
Since last year, 56026 has remained a Seller's Market.
Key Takeaway
56026 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56026, MN
How much do homes in 56026, MN cost?
Median Sold Price
$293,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$48,000(+19.6%)
Key Takeaway
Homes in 56026 have sold for 19.6% more than they did a year ago.
Summary: The median home sold price in 56026 was $293,000 in December 2024, up 19.6% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | - | N/A |
| 2 Bedrooms | $146.9K | $269.9K | +83.7% |
| 3 Bedrooms | $245K | $275K | +12.2% |
| 4 Bedrooms | $248K | $513K | +106.9% |
| 5+ Bedrooms | $290K | - | N/A |
Summary: 56026 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 83.7%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 106.9%, 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
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Summary: The 56026 real estate market had 5 homes for sale in December 2024, a 28.6% 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 | 4 | 2 | -50.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56026 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 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 56026, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 56026 in December 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 56026, MN
How long does it take to sell a home in 56026, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 69 Days | 81 Days | +18.1% |
Summary: Homes in 56026 had an average of 81 days on market in Dec 2024, up by 18.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 56026 has remained consistent over time.
Summary: During December 2024, 2 homes were sold in 56026; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
