Housing Prices in 56055, MN

How much do homes in 56055, MN cost?

Median List Price

$167,500

$141/sqft

Based on all homes listed in the last 12 months.

Difference Since December 2023

-$92,400(-35.6%)

Key Takeaway

The list price of homes in 56055 has decreased by 35.6% since last year.

Summary: The median home list price in 56055 was $167,500 in December 2024, down 35.6% from the previous year, and the median price per square foot was $141.

Median List Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $142.9K$149.9K
+4.9%
3 $219.9K$167.5K
-23.8%
4 $334.9K$367.4K
+9.7%
5+ --
N/A

Summary: 56055 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 4.9%, 3 bedroom homes decreased by 23.8%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes did not change.

Median List Price Compared To Nearby Zip Codes

56062
+44.6%
56003
+12.2%
56001
+9.6%
56055
-35.6%

Housing Supply in 56055, MN

How many homes are available in 56055, MN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
32-33.3%

Summary: The 56055 real estate market had 2 homes for sale in December 2024, a 33.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 32
-33.3%
4 00
0.0%
5+ 00
0.0%

Summary: The 56055 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Days on Market for 56055, MN

How long does it take to sell a home in 56055, MN?

Average Listing Age

Dec 2023Dec 2024CHANGE
130 Days68 Days-47.9%

Summary: Homes in 56055 had an average listing age of 68 days in Dec 2024, down by 47.9% compared to the previous year.

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

Report Updated 6 Days Ago

Newest Listings in 56055, MN

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