$2,957 Closing Credit*
$249,000
1,520 SqFt
5 Beds
•1 Full Bath
Listing Office: Keller Williams Preferred Realty
Is 56172, 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, 56172 has remained a Seller's Market.
Key Takeaway
56172 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56172, MN
How much do homes in 56172, MN cost?
Median Sold Price
$155,000
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,000(+22.0%)
Key Takeaway
Homes in 56172 have sold for 22% more than they did a year ago.
Summary: The median home sold price in 56172 was $155,000 in October 2024, up 22% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $80K | -38.5% |
| 2 Bedrooms | $100K | $138.5K | +38.5% |
| 3 Bedrooms | $118.7K | $192.5K | +62.1% |
| 4 Bedrooms | $147.4K | $189.5K | +28.5% |
| 5+ Bedrooms | $310K | $232.5K | -25.0% |
Summary: 56172 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.5%, 2 bedroom homes increased by 38.5%, 3 bedroom homes increased by 62.1%, 4 bedroom homes increased by 28.5%, and 5+ bedroom homes decreased by 25%.
Housing Supply in 56172, MN
How many homes are available in 56172, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 21 | +10.5% |
Summary: The 56172 real estate market had 21 homes for sale in October 2024, a 10.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56172 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 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 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 56172, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 56172 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 56172, MN
How long does it take to sell a home in 56172, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 47 Days | +33.2% |
Summary: Homes in 56172 had an average of 47 days on market in Oct 2024, up by 33.2% compared to last year.
Breakdown of Home Sale Times
2 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 56172 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 56172; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
