$3,419 Closing Credit*
$287,900
2,544 SqFt
4 Beds
•2 Full Baths
Listing Office: Today's Realty
Is 56082, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 56082 has remained a Seller's Market.
Key Takeaway
56082 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56082, MN
How much do homes in 56082, MN cost?
Median Sold Price
$278,210
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$28,210(+11.3%)
Key Takeaway
Homes in 56082 have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in 56082 was $278,210 in November 2024, up 11.3% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $75K | N/A |
| 2 Bedrooms | $185K | $192.9K | +4.3% |
| 3 Bedrooms | $220K | $311K | +41.4% |
| 4 Bedrooms | $324K | $289K | -10.8% |
| 5+ Bedrooms | $267.5K | $309.9K | +15.9% |
Summary: 56082 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 increased by 4.3%, 3 bedroom homes increased by 41.4%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes increased by 15.9%.
Median Sold Price Compared To Nearby Zip Codes
| 56003 | $295K | $342.7K | +16.2% |
| 56082 | $250K | $278.2K | +11.3% |
| 56058 | $275K | $278K | +1.1% |
Housing Supply in 56082, MN
How many homes are available in 56082, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Summary: The 56082 real estate market had 12 homes for sale in November 2024, a 7.7% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 56082 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 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 56082, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 56082 in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for 56082, MN
How long does it take to sell a home in 56082, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 75 Days | 25 Days | -66.2% |
Summary: Homes in 56082 had an average of 25 days on market in Nov 2024, down by 66.2% compared to last year.
Breakdown of Home Sale Times
2 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 56082 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in 56082; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
