$1,958 Closing Credit*
$164,900
1,929 SqFt
4 Beds
•1 Full Bath, 1 Partial
Listing Office: eXp Realty
Is 56029, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 56029 has remained a Seller's Market.
Key Takeaway
56029 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56029, MN
How much do homes in 56029, MN cost?
Median Sold Price
$84,000
$41/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$175,000(-67.6%)
Key Takeaway
Homes in 56029 have sold for 67.6% less than they did a month ago.
Summary: The median home sold price in 56029 was $84,000 in November 2024, down 67.6% from last month, and the median price per square foot was $41.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $259K | $125K | -51.7% |
| 4 Bedrooms | - | $43K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 56029 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 51.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 56029, MN
How many homes are available in 56029, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Summary: The 56029 real estate market had 4 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56029 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 decreased by 50%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56029, 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 56029 in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 56029, MN
How long does it take to sell a home in 56029, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 Days | 39 Days | -35.2% |
Summary: Homes in 56029 had an average of 39 days on market in Nov 2024, down by 35.2% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56029 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 56029; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
