$5,105 Closing Credit*
$429,900
2,000 SqFt
4 Beds
•3 Full Baths
Listing Office: Coldwell Banker Crown Realtors
Is 56360, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 56360 has remained a Buyer's Market.
Key Takeaway
56360 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 56360, MN
How much do homes in 56360, MN cost?
Median Sold Price
$260,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+6.1%)
Key Takeaway
Homes in 56360 have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in 56360 was $260,000 in October 2024, up 6.1% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $179K | N/A |
| 2 Bedrooms | $162.6K | $195K | +19.9% |
| 3 Bedrooms | $247K | $337.5K | +36.6% |
| 4 Bedrooms | $292K | $271K | -7.2% |
| 5+ Bedrooms | $410K | $184.9K | -54.9% |
Summary: 56360 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 19.9%, 3 bedroom homes increased by 36.6%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes decreased by 54.9%.
Median Sold Price Compared To Nearby Zip Codes
| 56378 | $235K | $275K | +17.0% |
| 56360 | $245K | $260K | +6.1% |
| 56347 | $222.4K | $209.4K | -5.8% |
Housing Supply in 56360, MN
How many homes are available in 56360, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 22 | -12.0% |
Summary: The 56360 real estate market had 22 homes for sale in October 2024, a 12.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 56360 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 33.3%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 56360, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 56360 in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 88 Days | 26 Days | -70.5% |
Summary: Homes in 56360 had an average of 26 days on market in Oct 2024, down by 70.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56360 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 56360; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
