$3,443 Closing Credit*
$289,900
1,714 SqFt
4 Beds
•2 Full Baths
Listing Office: Wolf Real Estate MN Inc.
Is 56082, 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, 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
$284,450
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,700(+21.7%)
Key Takeaway
Homes in 56082 have sold for 21.7% more than they did a year ago.
Summary: The median home sold price in 56082 was $284,450 in October 2024, up 21.7% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $75K | N/A |
| 2 Bedrooms | $185K | $193.9K | +4.8% |
| 3 Bedrooms | $220K | $311K | +41.4% |
| 4 Bedrooms | $319.5K | $307.5K | -3.8% |
| 5+ Bedrooms | $267.5K | $327.4K | +22.4% |
Summary: 56082 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 increased by 4.8%, 3 bedroom homes increased by 41.4%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 22.4%.
Median Sold Price Compared To Nearby Zip Codes
| 56082 | $233.7K | $284.4K | +21.7% |
| 56003 | $302.9K | $322.5K | +6.5% |
| 56058 | $269.9K | $278K | +3.0% |
Housing Supply in 56082, MN
How many homes are available in 56082, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 14 | -26.3% |
Summary: The 56082 real estate market had 14 homes for sale in October 2024, a 26.3% decrease 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 8 | 4 | -50.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 56082 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 decreased by 33.3%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 3 | -62.5% |
Asking Price vs. Sold Price
0 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 56082, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 56082 in October 2024, down by 62.5% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 18 Days | +2.9% |
Summary: Homes in 56082 had an average of 18 days on market in Oct 2024, up by 2.9% compared to last year.
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 56082 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 56082; 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.
