$4,144 Closing Credit*
$349,000
1,690 SqFt
3 Beds
•1 Full Bath
Listing Office: eXp Realty
Is 56353, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 56353 was a Seller's Market.
Key Takeaway
56353 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 56353, MN
How much do homes in 56353, MN cost?
Median Sold Price
$296,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$26,000(+9.6%)
Key Takeaway
Homes in 56353 have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in 56353 was $296,000 in October 2024, up 9.6% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $129.7K | N/A |
| 2 Bedrooms | $218.3K | $240K | +9.9% |
| 3 Bedrooms | $285K | $304K | +6.7% |
| 4 Bedrooms | $315K | $305K | -3.2% |
| 5+ Bedrooms | $426.5K | $525K | +23.1% |
Summary: 56353 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 increased by 9.9%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 23.1%.
Housing Supply in 56353, MN
How many homes are available in 56353, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 30 | -6.3% |
Summary: The 56353 real estate market had 30 homes for sale in October 2024, a 6.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 56353 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56353, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 56353 in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 56353, MN
How long does it take to sell a home in 56353, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 33 Days | -36.1% |
Summary: Homes in 56353 had an average of 33 days on market in Oct 2024, down by 36.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 56353 has remained consistent over time.
Summary: During October 2024, 5 homes were sold in 56353; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
