$4,513 Closing Credit*
$380,000
2,262 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Premier Real Estate Services
Is 56373, 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, 56373 was a Seller's Market.
Key Takeaway
56373 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 56373, MN
How much do homes in 56373, MN cost?
Median Sold Price
$252,500
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$7,500(-2.9%)
Key Takeaway
Homes in 56373 have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in 56373 was $252,500 in November 2024, down 2.9% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $113.4K | $190K | +67.5% |
| 3 Bedrooms | $258.7K | $239.5K | -7.4% |
| 4 Bedrooms | $266.2K | $345K | +29.6% |
| 5+ Bedrooms | $456.3K | $434.2K | -4.9% |
Summary: 56373 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 increased by 67.5%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 29.6%, and 5+ bedroom homes decreased by 4.9%.
Housing Supply in 56373, MN
How many homes are available in 56373, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Summary: The 56373 real estate market had 8 homes for sale in November 2024, a 33.3% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56373 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 33.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 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 could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 56373 in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 56373, MN
We’re sorry, we don't have information for this market at the moment
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 56373 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in 56373; 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.
