$2,078 Closing Credit*
$175,000
1,600 SqFt
3 Beds
•1 Full Bath
Listing Office: RE/MAX Advantage Plus
Is 56057, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 56057 was a Neutral Market.
Key Takeaway
56057 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56057, MN
How much do homes in 56057, MN cost?
Median Sold Price
$349,900
$151/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$124,900(+55.5%)
Key Takeaway
Homes in 56057 have sold for 55.5% more than they did a month ago.
Summary: The median home sold price in 56057 was $349,900 in December 2024, up 55.5% from last month, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $320.4K | N/A |
| 4 Bedrooms | $225K | $416K | +84.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: 56057 housing prices by bedroom type for December 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 did not change, 4 bedroom homes increased by 84.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 56057 | $225K | $349.9K | +55.5% |
| 56096 | $265K | $402.5K | +51.9% |
Housing Supply in 56057, MN
How many homes are available in 56057, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Summary: The 56057 real estate market had 8 homes for sale in December 2024, a 14.3% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56057 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 increased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 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 56057, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 56057 in December 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 56057, MN
How long does it take to sell a home in 56057, MN?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 23 Days | 42 Days | +85.5% |
Summary: Homes in 56057 had an average of 42 days on market in Dec 2024, up by 85.5% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 56057 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 3 homes were sold in 56057; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
