$4,155 Closing Credit*
$349,900
720 SqFt
1 Bed
•1 Bath
Listing Office: Cedar Point Realty -Walker
Is 56433, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 56433 was a Seller's Market.
Key Takeaway
56433 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 56433, MN
How much do homes in 56433, MN cost?
Median Sold Price
$260,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,500(+14.3%)
Key Takeaway
Homes in 56433 have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in 56433 was $260,000 in October 2024, up 14.3% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | - | N/A |
| 2 Bedrooms | $202.5K | $207.9K | +2.7% |
| 3 Bedrooms | $283K | $250K | -11.7% |
| 4 Bedrooms | $250K | $849.9K | +240.0% |
| 5+ Bedrooms | - | $570K | N/A |
Summary: 56433 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.7%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes increased by 240%, and 5+ bedroom homes did not change.
Housing Supply in 56433, MN
How many homes are available in 56433, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Summary: The 56433 real estate market had 8 homes for sale in October 2024, a 20.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56433 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
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 56433, 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 56433 in October 2024, down by 75.0% 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 56433, 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 56433 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in 56433; 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.
