$1,514 Closing Credit*
$127,500
1,780 SqFt
2 Beds
•1 Full Bath
Listing Office: Landmark Realtors, LLC
Is 56093, 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, 56093 has remained a Seller's Market.
Key Takeaway
56093 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56093, MN
How much do homes in 56093, MN cost?
Median Sold Price
$234,500
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$4,750(-2.0%)
Key Takeaway
Homes in 56093 have sold for 2% less than they did a year ago.
Summary: The median home sold price in 56093 was $234,500 in October 2024, down 2% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87K | $131.3K | +50.9% |
| 2 Bedrooms | $166.7K | $174.9K | +4.9% |
| 3 Bedrooms | $237.5K | $234.7K | -1.2% |
| 4 Bedrooms | $274.9K | $275K | 0.0% |
| 5+ Bedrooms | $310K | $334.2K | +7.8% |
Summary: 56093 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50.9%, 2 bedroom homes increased by 4.9%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 7.8%.
Median Sold Price Compared To Nearby Zip Codes
| 56096 | $273.7K | $328K | +19.8% |
| 56048 | $260K | $264K | +1.5% |
| 56093 | $239.2K | $234.5K | -2.0% |
| 56072 | $219.7K | $175K | -20.3% |
Housing Supply in 56093, MN
How many homes are available in 56093, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 59 | +15.7% |
Summary: The 56093 real estate market had 59 homes for sale in October 2024, a 15.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 23 | 29 | +26.1% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 56093 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 26.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56093, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 56093 in October 2024, up by 25.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for 56093, MN
How long does it take to sell a home in 56093, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 42 Days | +52.3% |
Summary: Homes in 56093 had an average of 42 days on market in Oct 2024, up by 52.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 56093 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in 56093; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
