$3,918 Closing Credit*
$329,900
1,236 SqFt
3 Beds
•1 Full Bath
Listing Office: Agency North Real Estate, Inc
Is 56329, 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, 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
$299,250
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$54,500(+22.3%)
Key Takeaway
Homes in 56329 have sold for 22.3% more than they did a year ago.
Summary: The median home sold price in 56329 was $299,250 in November 2024, up 22.3% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $193.7K | N/A |
| 2 Bedrooms | $220.7K | $200K | -9.4% |
| 3 Bedrooms | $218K | $305K | +39.9% |
| 4 Bedrooms | $310K | $327K | +5.5% |
| 5+ Bedrooms | $464.4K | $364.9K | -21.4% |
Summary: 56329 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 9.4%, 3 bedroom homes increased by 39.9%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 21.4%.
Median Sold Price Compared To Nearby Zip Codes
| 56329 | $244.7K | $299.2K | +22.3% |
| 56379 | $282K | $286.2K | +1.5% |
Housing Supply in 56329, MN
How many homes are available in 56329, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Summary: The 56329 real estate market had 17 homes for sale in November 2024, a 10.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 56329 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 33.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 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 4 homes were sold or pending in 56329 in November 2024, down by 55.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 58 Days | 9 Days | -84.6% |
Summary: Homes in 56329 had an average of 9 days on market in Nov 2024, down by 84.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were 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 November 2024, 4 homes were sold in 56329; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
