$3,846 Closing Credit*
$323,900
1,271 SqFt
3 Beds
•1 Full Bath
Listing Office: Progressive Builders Real Estate
Is 56310, 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, 56310 has remained a Seller's Market.
Key Takeaway
56310 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56310, MN
How much do homes in 56310, MN cost?
Median Sold Price
$318,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,000(-0.6%)
Key Takeaway
Homes in 56310 have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in 56310 was $318,000 in November 2024, down 0.6% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $238K | - | N/A |
| 2 Bedrooms | $275.5K | $292.9K | +6.3% |
| 3 Bedrooms | $327.5K | $336.1K | +2.6% |
| 4 Bedrooms | $345K | $318K | -7.8% |
| 5+ Bedrooms | $314K | $305.9K | -2.6% |
Summary: 56310 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 increased by 6.3%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes decreased by 2.6%.
Housing Supply in 56310, MN
How many homes are available in 56310, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Summary: The 56310 real estate market had 15 homes for sale in November 2024, a 16.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 56310 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 20%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 56310, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 56310 in November 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 56310, MN
How long does it take to sell a home in 56310, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 65 Days | +350.6% |
Summary: Homes in 56310 had an average of 65 days on market in Nov 2024, up by 350.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 56310 has remained consistent over time.
Summary: During November 2024, 3 homes were sold in 56310; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
