Housing Prices in 56318, MN

How much do homes in 56318, MN cost?

Median List Price

$374,500

$202/sqft

Based on all homes listed in the last 12 months.

Difference Since October 2023

+$105,500(+39.2%)

Key Takeaway

The list price of homes in 56318 has increased by 39.2% since last year.

Summary: The median home list price in 56318 was $374,500 in October 2024, up 39.2% from the previous year, and the median price per square foot was $202.

Median List Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $150K$157.2K
+4.8%
2 $189.9K$212.4K
+11.8%
3 $420K$529.9K
+26.2%
4 $719.9K$549.2K
-23.7%
5+ -$81K
N/A

Summary: 56318 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 26.2%, 4 bedroom homes decreased by 23.7%, and 5+ bedroom homes did not change.

Median List Price Compared To Nearby Zip Codes

56318
+39.2%
56382
+16.6%
56347
+5.7%
56336
-24.8%

Housing Supply in 56318, MN

How many homes are available in 56318, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
98-11.1%

Summary: The 56318 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

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 21
-50.0%
3 33
0.0%
4 22
0.0%
5+ 10
-100.0%

Summary: The 56318 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Days on Market for 56318, MN

How long does it take to sell a home in 56318, MN?

Average Listing Age

Oct 2023Oct 2024CHANGE
244 Days72 Days-70.2%

Summary: Homes in 56318 had an average listing age of 72 days in Oct 2024, down by 70.2% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 56318, MN

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