$95,000
Land
Listing Office: Coldwell Banker Realty
Is 56311, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 56311 has remained a Seller's Market.
Key Takeaway
56311 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56311, MN
How much do homes in 56311, MN cost?
Median Sold Price
$285,000
$84/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$166,000(+139.5%)
Key Takeaway
Homes in 56311 have sold for 139.5% more than they did a month ago.
Summary: The median home sold price in 56311 was $285,000 in November 2024, up 139.5% from last month, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $119K | - | N/A |
| 4 Bedrooms | - | $285K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 56311 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 56311 | $119K | $285K | +139.5% |
| 56531 | $164K | $235K | +43.3% |
| 56326 | $314.9K | $237.5K | -24.6% |
Housing Supply in 56311, MN
How many homes are available in 56311, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Summary: The 56311 real estate market had 1 homes for sale in November 2024, a 50.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 0 | -100.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56311 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 remained the same, 3 bedroom homes decreased by 100%, 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
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56311, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 56311 in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 56311, MN
How long does it take to sell a home in 56311, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 80 Days | +50.9% |
Summary: Homes in 56311 had an average of 80 days on market in Nov 2024, up by 50.9% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 56311 has remained consistent over time.
Summary: During November 2024, 1 homes were sold in 56311; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
