$2,969 Closing Credit*
$250,000
1,092 SqFt
4 Beds
•1 Full Bath
Listing Office: Century 21 First Realty, Inc.
Is 56360, 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, 56360 has remained a Neutral Market.
Key Takeaway
56360 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 56360, MN
How much do homes in 56360, MN cost?
Median Sold Price
$252,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,000(+0.8%)
Key Takeaway
Homes in 56360 have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in 56360 was $252,000 in November 2024, up 0.8% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $179K | N/A |
| 2 Bedrooms | $161K | $195K | +21.0% |
| 3 Bedrooms | $258K | $327.5K | +26.9% |
| 4 Bedrooms | $283.5K | $280K | -1.2% |
| 5+ Bedrooms | $505K | $184.9K | -63.4% |
Summary: 56360 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 21%, 3 bedroom homes increased by 26.9%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 63.4%.
Median Sold Price Compared To Nearby Zip Codes
| 56378 | $245K | $275K | +12.2% |
| 56360 | $250K | $252K | +0.8% |
| 56347 | $229.9K | $207K | -10.0% |
Housing Supply in 56360, MN
How many homes are available in 56360, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Summary: The 56360 real estate market had 18 homes for sale in November 2024, a 12.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 56360 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 increased by 66.7%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
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 56360, 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 56360 in November 2024, the same as the previous 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 56360, MN
How long does it take to sell a home in 56360, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 48 Days | 90 Days | +86.3% |
Summary: Homes in 56360 had an average of 90 days on market in Nov 2024, up by 86.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 56360 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 56360; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
