$3,088 Closing Credit*
$260,000
2,451 SqFt
4 Beds
•1 Full Bath
Listing Office: eXp Realty
Is 56072, 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, 56072 was a Neutral Market.
Key Takeaway
56072 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56072, MN
How much do homes in 56072, MN cost?
Median Sold Price
$239,900
$192/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$4,900(+2.1%)
Key Takeaway
Homes in 56072 have sold for 2.1% more than they did a month ago.
Summary: The median home sold price in 56072 was $239,900 in November 2024, up 2.1% from last month, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $165K | N/A |
| 3 Bedrooms | $205K | $239.9K | +17.0% |
| 4 Bedrooms | $265K | $321.9K | +21.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: 56072 housing prices by bedroom type for November 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 increased by 17%, 4 bedroom homes increased by 21.5%, and 5+ bedroom homes did not change.
Housing Supply in 56072, MN
How many homes are available in 56072, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The 56072 real estate market had 11 homes for sale in November 2024, a 8.3% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 56072 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 56072, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 56072 in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 56072, MN
How long does it take to sell a home in 56072, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 Days | 37 Days | +433.3% |
Summary: Homes in 56072 had an average of 37 days on market in Nov 2024, up by 433.3% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56072 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 56072; 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.
