$6,709 Closing Credit*
$565,000
2,888 SqFt
4 Beds
•1 Full Bath, 1 Partial
Listing Office: HomeAvenue Inc
Is 56353, 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, 56353 has remained a Seller's Market.
Key Takeaway
56353 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56353, MN
How much do homes in 56353, MN cost?
Median Sold Price
$296,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since November 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 November 2024, up 9.6% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $129.7K | N/A |
| 2 Bedrooms | $210K | $240K | +14.3% |
| 3 Bedrooms | $285K | $301.5K | +5.8% |
| 4 Bedrooms | $295K | $317.5K | +7.6% |
| 5+ Bedrooms | $426.5K | $525K | +23.1% |
Summary: 56353 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 increased by 14.3%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 7.6%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 28 | 0.0% |
Summary: The 56353 real estate market had 28 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 56353 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56353, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 56353 in November 2024, up by 40.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 70 Days | 46 Days | -34.0% |
Summary: Homes in 56353 had an average of 46 days on market in Nov 2024, down by 34% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 56353 has remained consistent over time.
Summary: During November 2024, 7 homes were sold in 56353; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
