$3,561 Closing Credit*
$299,900
2,400 SqFt
3 Beds
•3 Baths
Listing Office: Century 21 Atwood
Is 56342, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 56342 was a Seller's Market.
Key Takeaway
56342 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 56342, MN
How much do homes in 56342, MN cost?
Median Sold Price
$252,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$8,000(-3.1%)
Key Takeaway
Homes in 56342 have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in 56342 was $252,000 in November 2024, down 3.1% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $104.9K | $68.4K | -34.8% |
| 2 Bedrooms | $254.9K | $242.5K | -4.9% |
| 3 Bedrooms | $292.5K | $266K | -9.1% |
| 4 Bedrooms | $256K | $462.5K | +80.7% |
| 5+ Bedrooms | $455K | $600K | +31.9% |
Summary: 56342 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.8%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 80.7%, and 5+ bedroom homes increased by 31.9%.
Median Sold Price Compared To Nearby Zip Codes
| 55051 | $247.4K | $280K | +13.2% |
| 56342 | $260K | $252K | -3.1% |
Housing Supply in 56342, MN
How many homes are available in 56342, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 30 | -6.3% |
Summary: The 56342 real estate market had 30 homes for sale in November 2024, a 6.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 17 | 14 | -17.6% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 56342 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 11.1%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
3 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 56342, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 56342 in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 56342, MN
How long does it take to sell a home in 56342, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 77 Days | 63 Days | -17.3% |
Summary: Homes in 56342 had an average of 63 days on market in Nov 2024, down by 17.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 56342 has remained consistent over time.
Summary: During November 2024, 3 homes were sold in 56342; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
