$4,156 Closing Credit*
$350,000
860 SqFt
2 Beds
•1 Bath
Listing Office: RE/MAX Advantage Plus
Is 56096, 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, 56096 has remained a Seller's Market.
Key Takeaway
56096 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56096, MN
How much do homes in 56096, MN cost?
Median Sold Price
$348,500
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$73,500(+26.7%)
Key Takeaway
Homes in 56096 have sold for 26.7% more than they did a year ago.
Summary: The median home sold price in 56096 was $348,500 in November 2024, up 26.7% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $68.7K | $225K | +227.5% |
| 2 Bedrooms | $276K | $343K | +24.3% |
| 3 Bedrooms | $256K | $348.5K | +36.1% |
| 4 Bedrooms | $281K | $285K | +1.4% |
| 5+ Bedrooms | $450K | $557.5K | +23.9% |
Summary: 56096 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 227.5%, 2 bedroom homes increased by 24.3%, 3 bedroom homes increased by 36.1%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 23.9%.
Housing Supply in 56096, MN
How many homes are available in 56096, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 21 | +10.5% |
Summary: The 56096 real estate market had 21 homes for sale in November 2024, a 10.5% increase 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56096 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 25%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 56096, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 56096 in November 2024, up by 200.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 65 Days | 46 Days | -29.8% |
Summary: Homes in 56096 had an average of 46 days on market in Nov 2024, down by 29.8% compared to last year.
Breakdown of Home Sale Times
3 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 56096 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 56096; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
