$229,000
Land
Listing Office: Integrity Home Investments,LLC
Is 56273, 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, 56273 was a Buyer's Market.
Key Takeaway
56273 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 56273, MN
How much do homes in 56273, MN cost?
Median Sold Price
$326,400
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,900(+1.2%)
Key Takeaway
Homes in 56273 have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in 56273 was $326,400 in November 2024, up 1.2% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | $379.9K | +659.8% |
| 2 Bedrooms | $195.5K | $295K | +50.9% |
| 3 Bedrooms | $383K | $335K | -12.5% |
| 4 Bedrooms | $395K | $401.8K | +1.7% |
| 5+ Bedrooms | $402.5K | $500K | +24.2% |
Summary: 56273 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 659.8%, 2 bedroom homes increased by 50.9%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 24.2%.
Median Sold Price Compared To Nearby Zip Codes
| 56288 | $393.4K | $456.5K | +16.0% |
| 56312 | $229K | $244K | +6.6% |
| 56273 | $322.5K | $326.4K | +1.2% |
Housing Supply in 56273, MN
How many homes are available in 56273, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 19 | -20.8% |
Summary: The 56273 real estate market had 19 homes for sale in November 2024, a 20.8% 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 | 6 | 4 | -33.3% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 56273 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 33.3%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 3 | -62.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 56273, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in 56273 in November 2024, down by 62.5% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for 56273, MN
How long does it take to sell a home in 56273, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 31 Days | +37.7% |
Summary: Homes in 56273 had an average of 31 days on market in Nov 2024, up by 37.7% 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 56273 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 56273; 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.
