$1,603 Closing Credit*
$135,000
1,358 SqFt
3 Beds
•2 Full Baths
Listing Office: Savvy Avenue, LLC
Is 56284, 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, 56284 was a Seller's Market.
Key Takeaway
56284 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 56284, MN
How much do homes in 56284, MN cost?
Median Sold Price
$206,000
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$51,000(+32.9%)
Key Takeaway
Homes in 56284 have sold for 32.9% more than they did a year ago.
Summary: The median home sold price in 56284 was $206,000 in November 2024, up 32.9% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $99K | $79.2K | -19.9% |
| 3 Bedrooms | $148.5K | $162.5K | +9.4% |
| 4 Bedrooms | $194.1K | $310K | +59.7% |
| 5+ Bedrooms | $147.5K | $255K | +72.8% |
Summary: 56284 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 19.9%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 59.7%, and 5+ bedroom homes increased by 72.8%.
Median Sold Price Compared To Nearby Zip Codes
| 56284 | $155K | $206K | +32.9% |
| 56283 | $180K | $189.9K | +5.5% |
Housing Supply in 56284, MN
How many homes are available in 56284, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Summary: The 56284 real estate market had 6 homes for sale in November 2024, a 20.0% increase 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 56284 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56284, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in 56284 in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 56284, MN
How long does it take to sell a home in 56284, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 1 Day | -97.9% |
Summary: Homes in 56284 had an average of 1 days on market in Nov 2024, down by 97.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56284 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in 56284; 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.
