$1,176 Closing Credit*
$99,000
1,944 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Century 21 Atwood
Is 56309, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 56309 has remained a Seller's Market.
Key Takeaway
56309 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56309, MN
How much do homes in 56309, MN cost?
Median Sold Price
$310,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$114,550(+58.6%)
Key Takeaway
Homes in 56309 have sold for 58.6% more than they did a year ago.
Summary: The median home sold price in 56309 was $310,000 in October 2024, up 58.6% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $222.5K | N/A |
| 2 Bedrooms | $162.4K | $230K | +41.6% |
| 3 Bedrooms | $179.9K | $324.2K | +80.2% |
| 4 Bedrooms | $515K | $424.9K | -17.5% |
| 5+ Bedrooms | - | $715K | N/A |
Summary: 56309 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 increased by 41.6%, 3 bedroom homes increased by 80.2%, 4 bedroom homes decreased by 17.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 56309 | $195.4K | $310K | +58.6% |
| 56531 | $145K | $159.9K | +10.3% |
Housing Supply in 56309, MN
How many homes are available in 56309, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The 56309 real estate market had 8 homes for sale in October 2024, a 11.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 56309 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56309, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 56309 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 56309, MN
How long does it take to sell a home in 56309, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 31 Days | +8.6% |
Summary: Homes in 56309 had an average of 31 days on market in Oct 2024, up by 8.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56309 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 56309; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
