$5,000,000
9,266 SqFt
4 Beds
•2 Full Baths, 2 Partial
Listing Office: Edina Realty, Inc.
Is 56332, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 56332 was a Buyer's Market.
Key Takeaway
56332 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56332, MN
How much do homes in 56332, MN cost?
Median Sold Price
$308,950
$186/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$60,050(-16.3%)
Key Takeaway
Homes in 56332 have sold for 16.3% less than they did a month ago.
Summary: The median home sold price in 56332 was $308,950 in November 2024, down 16.3% from last month, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $189.9K | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $225K | N/A |
| 4 Bedrooms | $369K | $475K | +28.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: 56332 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 did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 28.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 56327 | $110K | $177.5K | +61.4% |
| 56332 | $369K | $308.9K | -16.3% |
Housing Supply in 56332, MN
How many homes are available in 56332, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Summary: The 56332 real estate market had 9 homes for sale in November 2024, a 12.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56332 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56332, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 56332 in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 56332, MN
How long does it take to sell a home in 56332, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 26 Days | -13.3% |
Summary: Homes in 56332 had an average of 26 days on market in Nov 2024, down by 13.3% compared to last month.
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 56332 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in 56332; 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.
