$949 Closing Credit*
$79,900
1,164 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Weichert REALTORS Tower Properties
Is 56208, 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, 56208 has remained a Seller's Market.
Key Takeaway
56208 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56208, MN
How much do homes in 56208, MN cost?
Median Sold Price
$108,750
$61/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,750(+27.9%)
Key Takeaway
Homes in 56208 have sold for 27.9% more than they did a year ago.
Summary: The median home sold price in 56208 was $108,750 in November 2024, up 27.9% from last year, and the median price per square foot was $61.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $36K | N/A |
| 2 Bedrooms | $69K | $58.4K | -15.4% |
| 3 Bedrooms | $97K | $96K | -1.0% |
| 4 Bedrooms | $193K | $194.5K | +0.8% |
| 5+ Bedrooms | $160K | $150K | -6.3% |
Summary: 56208 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 6.3%.
Housing Supply in 56208, MN
How many homes are available in 56208, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Summary: The 56208 real estate market had 17 homes for sale in November 2024, a 10.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 56208 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 56208, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 56208 in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for 56208, MN
How long does it take to sell a home in 56208, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 99 Days | 60 Days | -39.2% |
Summary: Homes in 56208 had an average of 60 days on market in Nov 2024, down by 39.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 56208 has remained consistent over time.
Summary: During November 2024, 4 homes were sold in 56208; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
