$5,878 Closing Credit*
$495,000
4,000 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Real Broker, LLC
Is 56312, 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, 56312 has remained a Seller's Market.
Key Takeaway
56312 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56312, MN
How much do homes in 56312, MN cost?
Median Sold Price
$212,750
$114/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$44,950(-17.4%)
Key Takeaway
Homes in 56312 have sold for 17.4% less than they did a month ago.
Summary: The median home sold price in 56312 was $212,750 in October 2024, down 17.4% from last month, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $172.5K | N/A |
| 3 Bedrooms | $366K | - | N/A |
| 4 Bedrooms | $149.4K | $253K | +69.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: 56312 housing prices by bedroom type for October 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 increased by 69.3%, and 5+ bedroom homes did not change.
Housing Supply in 56312, MN
How many homes are available in 56312, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Summary: The 56312 real estate market had 10 homes for sale in October 2024, a 11.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 56312 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 56312, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 56312 in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 56312, MN
How long does it take to sell a home in 56312, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 66 Days | 45 Days | -31.1% |
Summary: Homes in 56312 had an average of 45 days on market in Oct 2024, down by 31.1% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 56312 has remained consistent over time.
Summary: During October 2024, 2 homes were sold in 56312; 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.
