$3,919 Closing Credit*
$330,000
1,451 SqFt
3 Beds
•1 Full Bath
Listing Office: Edina Realty, Inc.
Is 56058, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 56058 has remained a Seller's Market.
Key Takeaway
56058 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56058, MN
How much do homes in 56058, MN cost?
Median Sold Price
$278,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,100(+3.0%)
Key Takeaway
Homes in 56058 have sold for 3% more than they did a year ago.
Summary: The median home sold price in 56058 was $278,000 in October 2024, up 3% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82K | - | N/A |
| 2 Bedrooms | $153K | $213.5K | +39.5% |
| 3 Bedrooms | $259.9K | $265K | +2.0% |
| 4 Bedrooms | $299.9K | $310K | +3.4% |
| 5+ Bedrooms | $275K | $375K | +36.4% |
Summary: 56058 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 39.5%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 36.4%.
Median Sold Price Compared To Nearby Zip Codes
| 56082 | $233.7K | $284.4K | +21.7% |
| 56058 | $269.9K | $278K | +3.0% |
| 56044 | $235K | $240K | +2.1% |
| 56057 | $272K | $229.9K | -15.5% |
Housing Supply in 56058, MN
How many homes are available in 56058, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 19 | -5.0% |
Summary: The 56058 real estate market had 19 homes for sale in October 2024, a 5.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56058 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 remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 56058, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 56058 in October 2024, down by 28.6% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for 56058, MN
How long does it take to sell a home in 56058, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 50 Days | 50 Days | -0.8% |
Summary: Homes in 56058 had an average of 50 days on market in Oct 2024, down by 0.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 56058 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 56058; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
