$37,000
Land
Listing Office: Central MN Realty LLC
Is 56379, 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, 56379 has remained a Seller's Market.
Key Takeaway
56379 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56379, MN
How much do homes in 56379, MN cost?
Median Sold Price
$286,250
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,250(+1.5%)
Key Takeaway
Homes in 56379 have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in 56379 was $286,250 in November 2024, up 1.5% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $105.9K | -26.9% |
| 2 Bedrooms | $205K | $264.5K | +29.0% |
| 3 Bedrooms | $277.4K | $281.8K | +1.6% |
| 4 Bedrooms | $299.9K | $299K | -0.3% |
| 5+ Bedrooms | $345K | $320K | -7.2% |
Summary: 56379 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.9%, 2 bedroom homes increased by 29%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 7.2%.
Housing Supply in 56379, MN
How many homes are available in 56379, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 54 | 45 | -16.7% |
Summary: The 56379 real estate market had 45 homes for sale in November 2024, a 16.7% 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 | 8 | 5 | -37.5% |
| 3 Bedrooms | 20 | 16 | -20.0% |
| 4 Bedrooms | 20 | 18 | -10.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 56379 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 37.5%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56379, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 56379 in November 2024, up by 6.3% month-over-month. Of the 17 sold homes, 53% were sold under asking, 24% were sold at asking, and 24% were sold over asking.
Days on Market for 56379, MN
How long does it take to sell a home in 56379, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 41 Days | +115.7% |
Summary: Homes in 56379 had an average of 41 days on market in Nov 2024, up by 115.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56379 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in 56379; 53% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
