$5,877 Closing Credit*
$494,900
2,508 SqFt
4 Beds
•1 Full Bath
Listing Office: Premier Real Estate Services
Is 56364, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 56364 has remained a Seller's Market.
Key Takeaway
56364 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56364, MN
How much do homes in 56364, MN cost?
Median Sold Price
$260,000
$136/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$60,100(+30.1%)
Key Takeaway
Homes in 56364 have sold for 30.1% more than they did a month ago.
Summary: The median home sold price in 56364 was $260,000 in October 2024, up 30.1% from last month, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $199.9K | $126K | -37.0% |
| 4 Bedrooms | - | $280K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 56364 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 37%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 56364 | $199.9K | $260K | +30.1% |
| 56373 | $255K | $234K | -8.2% |
Housing Supply in 56364, MN
How many homes are available in 56364, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Summary: The 56364 real estate market had 9 homes for sale in October 2024, a 18.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 7 | 4 | -42.9% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 56364 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 increased by 100%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56364, 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 56364 in October 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 56364, MN
How long does it take to sell a home in 56364, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 26 Days | +56.9% |
Summary: Homes in 56364 had an average of 26 days on market in Oct 2024, up by 56.9% compared to last month.
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 56364 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 56364; 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.
