$3,561 Closing Credit*
$299,900
2,413 SqFt
3 Beds
•2 Full Baths
Listing Office: Real Estate Parkway
Is 56058, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$281,700
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$11,800(+4.4%)
Key Takeaway
Homes in 56058 have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in 56058 was $281,700 in December 2024, up 4.4% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $189K | $207K | +9.5% |
| 3 Bedrooms | $259.9K | $271.5K | +4.5% |
| 4 Bedrooms | $299.9K | $389.9K | +30.0% |
| 5+ Bedrooms | $387K | $347K | -10.3% |
Summary: 56058 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 9.5%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 10.3%.
Median Sold Price Compared To Nearby Zip Codes
| 56058 | $269.9K | $281.7K | +4.4% |
| 56044 | $242.5K | $253K | +4.3% |
Housing Supply in 56058, MN
How many homes are available in 56058, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Summary: The 56058 real estate market had 18 homes for sale in December 2024, a 5.3% decrease 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56058 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 increased by 50%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56058, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 56058 in December 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 74 Days | 35 Days | -52.7% |
Summary: Homes in 56058 had an average of 35 days on market in Dec 2024, down by 52.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56058 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 6 homes were sold in 56058; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
