$2,255 Closing Credit*
$189,900
1,003 SqFt
3 Beds
•1 Full Bath
Listing Office: Central MN Realty LLC
Is 56352, 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, 56352 was a Seller's Market.
Key Takeaway
56352 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 56352, MN
How much do homes in 56352, MN cost?
Median Sold Price
$245,950
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,450(+3.6%)
Key Takeaway
Homes in 56352 have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in 56352 was $245,950 in November 2024, up 3.6% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $227K | $196K | -13.7% |
| 3 Bedrooms | $197.4K | $205K | +3.9% |
| 4 Bedrooms | $246.2K | $300K | +21.8% |
| 5+ Bedrooms | $307.9K | $370K | +20.1% |
Summary: 56352 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 13.7%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes increased by 20.1%.
Median Sold Price Compared To Nearby Zip Codes
| 56378 | $245K | $275K | +12.2% |
| 56352 | $237.5K | $245.9K | +3.6% |
Housing Supply in 56352, MN
How many homes are available in 56352, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Summary: The 56352 real estate market had 20 homes for sale in November 2024, a 4.8% 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The 56352 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 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 56352, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 56352 in November 2024, down by 71.4% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 56352, MN
How long does it take to sell a home in 56352, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 12 Days | -63.2% |
Summary: Homes in 56352 had an average of 12 days on market in Nov 2024, down by 63.2% compared to last year.
Breakdown of Home Sale Times
2 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 56352 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 56352; 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.
