$4,452 Closing Credit*
$374,900
2,484 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Central MN Realty LLC
Is 56367, 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, 56367 has remained a Seller's Market.
Key Takeaway
56367 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56367, MN
How much do homes in 56367, MN cost?
Median Sold Price
$329,950
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,050(+13.8%)
Key Takeaway
Homes in 56367 have sold for 13.8% more than they did a year ago.
Summary: The median home sold price in 56367 was $329,950 in November 2024, up 13.8% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $215K | -15.7% |
| 2 Bedrooms | $257.4K | $314.9K | +22.4% |
| 3 Bedrooms | $299.9K | $294.5K | -1.8% |
| 4 Bedrooms | $292.4K | $345K | +18.0% |
| 5+ Bedrooms | $465K | $431.3K | -7.2% |
Summary: 56367 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.7%, 2 bedroom homes increased by 22.4%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 18%, and 5+ bedroom homes decreased by 7.2%.
Housing Supply in 56367, MN
How many homes are available in 56367, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 22 | -8.3% |
Summary: The 56367 real estate market had 22 homes for sale in November 2024, a 8.3% decrease 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 56367 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 decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56367, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 56367 in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 56367, MN
How long does it take to sell a home in 56367, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 47 Days | +305.4% |
Summary: Homes in 56367 had an average of 47 days on market in Nov 2024, up by 305.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 56367 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 56367; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
