$3,324 Closing Credit*
$279,900
1,652 SqFt
2 Beds
•1 Full Bath
Listing Office: Kubes Realty Inc
Is 56069, 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, 56069 has remained a Seller's Market.
Key Takeaway
56069 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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 October 2023
-$41,750(-13.6%)
Key Takeaway
Homes in 56069 have sold for 13.6% less than they did a year ago.
Summary: The median home sold price in 56069 was $266,250 in October 2024, down 13.6% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $280K | $212.5K | -24.1% |
| 3 Bedrooms | $301.9K | $270.7K | -10.3% |
| 4 Bedrooms | $305K | $396.4K | +30.0% |
| 5+ Bedrooms | $566K | $267.4K | -52.7% |
Summary: 56069 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 decreased by 24.1%, 3 bedroom homes decreased by 10.3%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 46 | +24.3% |
Summary: The 56069 real estate market had 46 homes for sale in October 2024, a 24.3% increase 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 | 5 | 7 | +40.0% |
| 3 Bedrooms | 27 | 30 | +11.1% |
| 4 Bedrooms | 4 | 9 | +125.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 56069 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 increased by 40%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 125%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56069, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in 56069 in October 2024, up by 100.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 63% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 22 Days | -11.4% |
Summary: Homes in 56069 had an average of 22 days on market in Oct 2024, down by 11.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56069 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 56069; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
