$10,000 Closing Credit*
$975,000
2,367 SqFt
3 Beds
•1 Full Bath
Listing Office: Swartz Brothers Assoc. Inc.
Is 56381, 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, 56381 was a Seller's Market.
Key Takeaway
56381 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 56381, MN
How much do homes in 56381, MN cost?
Median Sold Price
$238,200
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$57,250(+31.6%)
Key Takeaway
Homes in 56381 have sold for 31.6% more than they did a year ago.
Summary: The median home sold price in 56381 was $238,200 in November 2024, up 31.6% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $385K | +352.9% |
| 2 Bedrooms | $202K | $200.7K | -0.6% |
| 3 Bedrooms | $180.9K | $237.5K | +31.3% |
| 4 Bedrooms | $228.5K | $236.5K | +3.5% |
| 5+ Bedrooms | - | $579.5K | N/A |
Summary: 56381 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 352.9%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 56381 | $180.9K | $238.2K | +31.6% |
| 56334 | $252K | $297K | +17.9% |
Housing Supply in 56381, MN
How many homes are available in 56381, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Summary: The 56381 real estate market had 9 homes for sale in November 2024, a 18.2% 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 | 3 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56381 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56381, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 56381 in November 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 56381, MN
How long does it take to sell a home in 56381, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 9 Days | 12 Days | +26.3% |
Summary: Homes in 56381 had an average of 12 days on market in Nov 2024, up by 26.3% compared to last year.
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 56381 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in 56381; 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.
