$4,697 Closing Credit*
$395,500
952 SqFt
2 Beds
•1 Bath
Listing Office: RE/MAX Preferred Realty
Is 56209, 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, 56209 has remained a Seller's Market.
Key Takeaway
56209 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56209, MN
How much do homes in 56209, MN cost?
Median Sold Price
$295,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+9.3%)
Key Takeaway
Homes in 56209 have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in 56209 was $295,000 in October 2024, up 9.3% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $120K | N/A |
| 2 Bedrooms | $150K | $395K | +163.3% |
| 3 Bedrooms | $292.5K | $302.5K | +3.4% |
| 4 Bedrooms | $271.1K | $222.2K | -18.0% |
| 5+ Bedrooms | - | $480K | N/A |
Summary: 56209 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 163.3%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 18%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 56288 | $401.7K | $464K | +15.5% |
| 56253 | $250K | $280K | +12.0% |
| 56209 | $270K | $295K | +9.3% |
Housing Supply in 56209, MN
How many homes are available in 56209, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Summary: The 56209 real estate market had 15 homes for sale in October 2024, a 7.1% 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 | 5 | +25.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 56209 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 increased by 25%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56209, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 56209 in October 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 56209, MN
How long does it take to sell a home in 56209, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 19 Days | +45.0% |
Summary: Homes in 56209 had an average of 19 days on market in Oct 2024, up by 45% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56209 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 56209; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
