Listing Office: Central MN Realty LLC
Is 56326, 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, 56326 has remained a Seller's Market.
Key Takeaway
56326 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56326, MN
How much do homes in 56326, MN cost?
Median Sold Price
$237,500
$218/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$77,400(-24.6%)
Key Takeaway
Homes in 56326 have sold for 24.6% less than they did a month ago.
Summary: The median home sold price in 56326 was $237,500 in November 2024, down 24.6% from last month, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $335K | $90K | -73.1% |
| 3 Bedrooms | $170K | - | N/A |
| 4 Bedrooms | $314.9K | $385K | +22.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: 56326 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 decreased by 73.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 22.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 56311 | $119K | $285K | +139.5% |
| 56326 | $314.9K | $237.5K | -24.6% |
| 56309 | $392.5K | $245.2K | -37.5% |
Housing Supply in 56326, MN
How many homes are available in 56326, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Summary: The 56326 real estate market had 3 homes for sale in November 2024, a 40.0% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56326 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 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
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 56326, 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 56326 in November 2024, down by 33.3% month-over-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 56326, MN
How long does it take to sell a home in 56326, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 57 Days | 58 Days | +1.2% |
Summary: Homes in 56326 had an average of 58 days on market in Nov 2024, up by 1.2% compared to last month.
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 56326 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 56326; 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.
