Housing Prices in 56055, MN

How much do homes in 56055, MN cost?

Median List Price

$185,000

$135/sqft

Based on all homes listed in the last 12 months.

Difference Since October 2023

-$74,900(-28.8%)

Key Takeaway

The list price of homes in 56055 has decreased by 28.8% since last year.

Summary: The median home list price in 56055 was $185,000 in October 2024, down 28.8% from the previous year, and the median price per square foot was $135.

Median List Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $142.9K$149.9K
+4.9%
3 $219.9K$167.5K
-23.8%
4 $334.9K$395.7K
+18.2%
5+ --
N/A

Summary: 56055 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 4.9%, 3 bedroom homes decreased by 23.8%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes did not change.

Median List Price Compared To Nearby Zip Codes

56062
+45.6%
56003
+13.4%
56001
+6.9%
56055
-28.8%

Housing Supply in 56055, MN

How many homes are available in 56055, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
32-33.3%

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

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 22
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 56055 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 decreased by 100%, 3 bedroom homes remained the same, 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

Oct 2023Oct 2024CHANGE
195 Days46 Days-76.4%

Summary: Homes in 56055 had an average listing age of 46 days in Oct 2024, down by 76.4% compared to the previous year.

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

Report Updated 5 Days Ago

Newest Listings in 56055, MN

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