$99,900
1,160 SqFt
3 Beds
•2 Baths
Listing Office: Weichert REALTORS Tower Properties
October 2024
Report Updated 13 Days Ago
Is 56241, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 56241 was a Seller's Market.
How much do homes in 56241, MN cost?
$177,500
$87/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
Summary: The median home sold price in 56241 was $177,500 in October 2024, up 14.5% from last year, and the median price per square foot was $87.
# BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | - | N/A |
2 Bedrooms | $86.2K | $79.9K | -7.3% |
3 Bedrooms | $172K | $170K | -1.2% |
4 Bedrooms | $178.7K | $200K | +11.9% |
5+ Bedrooms | $190K | $199K | +4.7% |
Summary: 56241 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 decreased by 7.3%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 4.7%.
How many homes are available in 56241, MN?
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
23 | 23 | 0.0% |
Summary: The 56241 real estate market had 23 homes for sale in October 2024, the same as September 2024.
# BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 13 | 10 | -23.1% |
4 Bedrooms | 6 | 9 | +50.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 56241 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 23.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
5 | 1 | -80.0% |
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in 56241 in October 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
How long does it take to sell a home in 56241, MN?
Oct 2023 | Oct 2024 | CHANGE |
---|---|---|
45 Days | 292 Days | +544.1% |
Summary: Homes in 56241 had an average of 292 days on market in Oct 2024, up by 544.1% compared to last year.
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During October 2024, 1 homes were sold in 56241; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.
Report Updated 13 Days Ago
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Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc., and Lake Superior Area MLS for the period 11/01/2022 - 11/01/2024
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Last updated on: 11/14/2024, 4:22:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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