$1,661 Closing Credit*
$139,900
684 SqFt
1 Bed
•2 Baths
Listing Office: RE/MAX Advantage Plus
Is 56441, 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, 56441 has remained a Seller's Market.
Key Takeaway
56441 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56441, MN
How much do homes in 56441, MN cost?
Median Sold Price
$229,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,000(+4.1%)
Key Takeaway
Homes in 56441 have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in 56441 was $229,000 in November 2024, up 4.1% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $68K | $165K | +142.6% |
| 2 Bedrooms | $190K | $195K | +2.6% |
| 3 Bedrooms | $194K | $234.4K | +20.8% |
| 4 Bedrooms | $299.9K | $250K | -16.7% |
| 5+ Bedrooms | $732.5K | $470.7K | -35.7% |
Summary: 56441 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 142.6%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 20.8%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 35.7%.
Median Sold Price Compared To Nearby Zip Codes
| 56447 | $343.5K | $363.7K | +5.9% |
| 56441 | $220K | $229K | +4.1% |
| 56442 | $565K | $529.9K | -6.2% |
| 56465 | $459K | $430K | -6.3% |
Housing Supply in 56441, MN
How many homes are available in 56441, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Summary: The 56441 real estate market had 20 homes for sale in November 2024, a 5.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 7 | 4 | -42.9% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56441 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes increased by 80%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56441, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 56441 in November 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 56441, MN
How long does it take to sell a home in 56441, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 5 Days | 39 Days | +686.7% |
Summary: Homes in 56441 had an average of 39 days on market in Nov 2024, up by 686.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 56441 has remained consistent over time.
Summary: During November 2024, 6 homes were sold in 56441; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
