$6,442 Closing Credit*
$542,500
2,944 SqFt
3 Beds
•2 Full Baths
Listing Office: New Century Real Estate
Is 56373, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 56373 was a Buyer's Market.
Key Takeaway
56373 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56373, MN
How much do homes in 56373, MN cost?
Median Sold Price
$234,000
$159/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$21,000(-8.2%)
Key Takeaway
Homes in 56373 have sold for 8.2% less than they did a month ago.
Summary: The median home sold price in 56373 was $234,000 in October 2024, down 8.2% from last month, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $152K | N/A |
| 3 Bedrooms | $255K | $234K | -8.2% |
| 4 Bedrooms | - | $730K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 56373 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 8.2%, 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 56373, MN
How many homes are available in 56373, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Summary: The 56373 real estate market had 12 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56373 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
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 56373, 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 56373 in October 2024, up by 200.0% 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 56373, MN
How long does it take to sell a home in 56373, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 Days | 18 Days | -68.4% |
Summary: Homes in 56373 had an average of 18 days on market in Oct 2024, down by 68.4% 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 56373 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 56373; 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.
