$4,334 Closing Credit*
$365,000
2,008 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Berkshire Hathaway Advantage Real Estate
Is 56096, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 56096 was a Seller's Market.
Key Takeaway
56096 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 56096, MN
How much do homes in 56096, MN cost?
Median Sold Price
$328,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$54,250(+19.8%)
Key Takeaway
Homes in 56096 have sold for 19.8% more than they did a year ago.
Summary: The median home sold price in 56096 was $328,000 in October 2024, up 19.8% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89.9K | $136.2K | +51.6% |
| 2 Bedrooms | $272K | $347K | +27.6% |
| 3 Bedrooms | $236.8K | $325K | +37.2% |
| 4 Bedrooms | $281K | $324.5K | +15.5% |
| 5+ Bedrooms | $450K | $557.5K | +23.9% |
Summary: 56096 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51.6%, 2 bedroom homes increased by 27.6%, 3 bedroom homes increased by 37.2%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 23.9%.
Median Sold Price Compared To Nearby Zip Codes
| 56096 | $273.7K | $328K | +19.8% |
| 56057 | $272K | $229.9K | -15.5% |
Housing Supply in 56096, MN
How many homes are available in 56096, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 20 | +25.0% |
Summary: The 56096 real estate market had 20 homes for sale in October 2024, a 25.0% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56096 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56096, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 56096 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 56096, MN
How long does it take to sell a home in 56096, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 7 Days | -79.2% |
Summary: Homes in 56096 had an average of 7 days on market in Oct 2024, down by 79.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56096 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 56096; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
