$2,494 Closing Credit*
$210,000
1,040 SqFt
2 Beds
•1 Full Bath
Listing Office: RE/MAX Central MN
Is 56364, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 56364 was a Neutral Market.
Key Takeaway
56364 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 56364, MN
How much do homes in 56364, MN cost?
Median Sold Price
$277,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$250(+0.1%)
Key Takeaway
The sold price of homes in 56364 has remained the same since last year.
Summary: The median home sold price in 56364 was $277,000 in November 2024, up 0.1% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | - | N/A |
| 2 Bedrooms | $317.7K | $252.5K | -20.5% |
| 3 Bedrooms | $319.4K | $248.6K | -22.2% |
| 4 Bedrooms | $239.5K | $242.5K | +1.3% |
| 5+ Bedrooms | $326K | $420K | +28.8% |
Summary: 56364 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 decreased by 20.5%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 28.8%.
Median Sold Price Compared To Nearby Zip Codes
| 56345 | $230K | $240K | +4.3% |
| 56364 | $276.7K | $277K | 0.1% |
| 56373 | $260K | $252.5K | -2.9% |
Housing Supply in 56364, MN
How many homes are available in 56364, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Summary: The 56364 real estate market had 9 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 56364 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 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were 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. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 56364 in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 1 Day | 25 Days | +2400.0% |
Summary: Homes in 56364 had an average of 25 days on market in Nov 2024, up by 2400% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were 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 November 2024, 1 homes were sold in 56364; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
