$230,000
Land
Listing Office: Premier Real Estate Services
Is 56329, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 56329 has remained a Seller's Market.
Key Takeaway
56329 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56329, MN
How much do homes in 56329, MN cost?
Median Sold Price
$305,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$65,250(+27.2%)
Key Takeaway
Homes in 56329 have sold for 27.2% more than they did a year ago.
Summary: The median home sold price in 56329 was $305,000 in October 2024, up 27.2% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $193.7K | N/A |
| 2 Bedrooms | $220.7K | $215K | -2.6% |
| 3 Bedrooms | $220K | $294.9K | +34.1% |
| 4 Bedrooms | $299.9K | $335K | +11.7% |
| 5+ Bedrooms | $464.4K | $457.5K | -1.5% |
Summary: 56329 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 34.1%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Zip Codes
| 56329 | $239.7K | $305K | +27.2% |
| 56379 | $280K | $285K | +1.8% |
Housing Supply in 56329, MN
How many homes are available in 56329, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Summary: The 56329 real estate market had 22 homes for sale in October 2024, a 4.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The 56329 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 increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56329, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 56329 in October 2024, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for 56329, MN
How long does it take to sell a home in 56329, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 13 Days | +4.1% |
Summary: Homes in 56329 had an average of 13 days on market in Oct 2024, up by 4.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56329 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 56329; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
