$4,738 Closing Credit*
$399,000
2,120 SqFt
4 Beds
•1 Full Bath, 1 Partial
Listing Office: Straka Real Estate
Is 56359, 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, 56359 was a Neutral Market.
Key Takeaway
56359 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 56359, MN
How much do homes in 56359, MN cost?
Median Sold Price
$267,500
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,100(+9.5%)
Key Takeaway
Homes in 56359 have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in 56359 was $267,500 in October 2024, up 9.5% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159.9K | $60K | -62.5% |
| 2 Bedrooms | $228K | $187.2K | -17.9% |
| 3 Bedrooms | $282.5K | $287.5K | +1.8% |
| 4 Bedrooms | $247.4K | $384.9K | +55.6% |
| 5+ Bedrooms | - | $370K | N/A |
Summary: 56359 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 62.5%, 2 bedroom homes decreased by 17.9%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes did not change.
Housing Supply in 56359, MN
How many homes are available in 56359, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 25 | -16.7% |
Summary: The 56359 real estate market had 25 homes for sale in October 2024, a 16.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 10 | 7 | -30.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 56359 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 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 56359, 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 56359 in October 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 56359, MN
How long does it take to sell a home in 56359, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 110 Days | +142.9% |
Summary: Homes in 56359 had an average of 110 days on market in Oct 2024, up by 142.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 56359 has remained consistent over time.
Summary: During October 2024, 2 homes were sold in 56359; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
