$4,156 Closing Credit*
$350,000
1,400 SqFt
3 Beds
•1 Full Bath
Listing Office: RE/MAX Advantage Plus
Is 56069, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 56069 was a Seller's Market.
Key Takeaway
56069 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 56069, MN
How much do homes in 56069, MN cost?
Median Sold Price
$266,250
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$44,250(-14.3%)
Key Takeaway
Homes in 56069 have sold for 14.3% less than they did a year ago.
Summary: The median home sold price in 56069 was $266,250 in November 2024, down 14.3% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $284.5K | $205K | -27.9% |
| 3 Bedrooms | $301.9K | $273.2K | -9.5% |
| 4 Bedrooms | $305K | $396.4K | +30.0% |
| 5+ Bedrooms | $566K | $267.4K | -52.7% |
Summary: 56069 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 27.9%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 52.7%.
Housing Supply in 56069, MN
How many homes are available in 56069, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 39 | -9.3% |
Summary: The 56069 real estate market had 39 homes for sale in November 2024, a 9.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 29 | 25 | -13.8% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56069 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56069, expect to pay close to the asking price. 80% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in 56069 in November 2024, down by 37.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 80% were sold at asking, and 0% were sold over asking.
Days on Market for 56069, MN
How long does it take to sell a home in 56069, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 29 Days | 0.4% |
Summary: Homes in 56069 had an average of 29 days on market in Nov 2024, up by 0.4% compared to last year.
Breakdown of Home Sale Times
4 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 56069 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in 56069; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
