$4,501 Closing Credit*
$379,000
2,740 SqFt
4 Beds
•1 Full Bath
Listing Office: RE/MAX Total Realty
Is 56171, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 56171 was a Seller's Market.
Key Takeaway
56171 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 56171, MN
How much do homes in 56171, MN cost?
Median Sold Price
$160,000
$123/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$17,500(+12.3%)
Key Takeaway
Homes in 56171 have sold for 12.3% more than they did a month ago.
Summary: The median home sold price in 56171 was $160,000 in October 2024, up 12.3% from last month, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $118K | $160K | +35.6% |
| 4 Bedrooms | $149.5K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 56171 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 35.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 56171, MN
How many homes are available in 56171, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Summary: The 56171 real estate market had 9 homes for sale in October 2024, a 25.0% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56171 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 decreased by 25%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56171, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 56171 in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 56171, MN
How long does it take to sell a home in 56171, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 98 Days | 15 Days | -84.7% |
Summary: Homes in 56171 had an average of 15 days on market in Oct 2024, down by 84.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56171 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in 56171; 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.
