$1,045 Closing Credit*
$88,000
892 SqFt
2 Beds
•1 Bath
Listing Office: Legacy Land & Home
Is 56215, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 56215 was a Neutral Market.
Key Takeaway
56215 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56215, MN
How much do homes in 56215, MN cost?
Median Sold Price
$160,000
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$7,900(-4.7%)
Key Takeaway
Homes in 56215 have sold for 4.7% less than they did a year ago.
Summary: The median home sold price in 56215 was $160,000 in November 2024, down 4.7% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62.2K | - | N/A |
| 2 Bedrooms | $152.5K | $130K | -14.8% |
| 3 Bedrooms | $132.5K | $145K | +9.4% |
| 4 Bedrooms | $219.9K | $215K | -2.2% |
| 5+ Bedrooms | $273.2K | $216.9K | -20.6% |
Summary: 56215 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 14.8%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 20.6%.
Housing Supply in 56215, MN
How many homes are available in 56215, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 25 | 0.0% |
Summary: The 56215 real estate market had 25 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 56215 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 remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56215, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 56215 in November 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 56215, MN
How long does it take to sell a home in 56215, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 181 Days | 10 Days | -94.5% |
Summary: Homes in 56215 had an average of 10 days on market in Nov 2024, down by 94.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56215 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in 56215; 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.
