$3,266 Closing Credit*
$275,000
1,851 SqFt
4 Beds
•1 Full Bath
Listing Office: eXp Realty
Is 56379, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$285,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+1.8%)
Key Takeaway
Homes in 56379 have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in 56379 was $285,000 in October 2024, up 1.8% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $109.9K | $105.9K | -3.6% |
| 2 Bedrooms | $200K | $264.7K | +32.4% |
| 3 Bedrooms | $269K | $282.8K | +5.1% |
| 4 Bedrooms | $295K | $299K | +1.4% |
| 5+ Bedrooms | $352.5K | $319.9K | -9.2% |
Summary: 56379 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 32.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 9.2%.
Housing Supply in 56379, MN
How many homes are available in 56379, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 66 | 59 | -10.6% |
Summary: The 56379 real estate market had 59 homes for sale in October 2024, a 10.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 25 | 26 | +4.0% |
| 4 Bedrooms | 22 | 19 | -13.6% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The 56379 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56379, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 56379 in October 2024, up by 7.1% month-over-month. Of the 15 sold homes, 53% were sold under asking, 13% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 30 Days | +70.1% |
Summary: Homes in 56379 had an average of 30 days on market in Oct 2024, up by 70.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 15 homes were sold in 56379; 73% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
