$1,247 Closing Credit*
$105,000
1,119 SqFt
3 Beds
•1 Full Bath
Listing Office: Murrayland Agency, Inc.
Is 56258, 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, 56258 has remained a Seller's Market.
Key Takeaway
56258 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56258, MN
How much do homes in 56258, MN cost?
Median Sold Price
$222,500
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,750(+8.1%)
Key Takeaway
Homes in 56258 have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in 56258 was $222,500 in November 2024, up 8.1% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $116.2K | $90K | -22.6% |
| 2 Bedrooms | $172.5K | $145K | -15.9% |
| 3 Bedrooms | $177K | $201.2K | +13.7% |
| 4 Bedrooms | $250K | $239.9K | -4.0% |
| 5+ Bedrooms | $260K | $327K | +25.8% |
Summary: 56258 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.6%, 2 bedroom homes decreased by 15.9%, 3 bedroom homes increased by 13.7%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 25.8%.
Housing Supply in 56258, MN
How many homes are available in 56258, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 38 | -19.1% |
Summary: The 56258 real estate market had 38 homes for sale in November 2024, a 19.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 18 | 13 | -27.8% |
| 4 Bedrooms | 17 | 14 | -17.6% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 56258 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 decreased by 14.3%, 3 bedroom homes decreased by 27.8%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56258, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 56258 in November 2024, down by 38.5% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for 56258, MN
How long does it take to sell a home in 56258, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 19 Days | -41.5% |
Summary: Homes in 56258 had an average of 19 days on market in Nov 2024, down by 41.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56258 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in 56258; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
