$7,564 Closing Credit*
$637,000
2,582 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Century 21 First Realty, Inc.
Is 56315, 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, 56315 has remained a Seller's Market.
Key Takeaway
56315 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56315, MN
How much do homes in 56315, MN cost?
Median Sold Price
$187,450
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$207,550(-52.5%)
Key Takeaway
Homes in 56315 have sold for 52.5% less than they did a year ago.
Summary: The median home sold price in 56315 was $187,450 in November 2024, down 52.5% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $210K | $149K | -29.0% |
| 3 Bedrooms | $592.5K | $416K | -29.8% |
| 4 Bedrooms | $300K | $175K | -41.7% |
| 5+ Bedrooms | $619.9K | $407.4K | -34.3% |
Summary: 56315 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 29%, 3 bedroom homes decreased by 29.8%, 4 bedroom homes decreased by 41.7%, and 5+ bedroom homes decreased by 34.3%.
Housing Supply in 56315, MN
How many homes are available in 56315, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Summary: The 56315 real estate market had 10 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 56315 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 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
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 56315, 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 56315 in November 2024, the same as the previous 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 56315, MN
How long does it take to sell a home in 56315, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 6 Days | 61 Days | +925.0% |
Summary: Homes in 56315 had an average of 61 days on market in Nov 2024, up by 925% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 56315 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 56315; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
