$1,780 Closing Credit*
$149,900
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 October 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
$224,744
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,244(+9.9%)
Key Takeaway
Homes in 56441 have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in 56441 was $224,744 in October 2024, up 9.9% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $68K | $165K | +142.6% |
| 2 Bedrooms | $200K | $190.8K | -4.6% |
| 3 Bedrooms | $180K | $237.4K | +31.9% |
| 4 Bedrooms | $249.9K | $267.5K | +7.0% |
| 5+ Bedrooms | $732.5K | $470.7K | -35.7% |
Summary: 56441 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 142.6%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes increased by 31.9%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 35.7%.
Median Sold Price Compared To Nearby Zip Codes
| 56441 | $204.5K | $224.7K | +9.9% |
| 56447 | $340K | $363.7K | +7.0% |
| 56465 | $447.5K | $425K | -5.0% |
| 56442 | $565K | $520K | -8.0% |
Housing Supply in 56441, MN
How many homes are available in 56441, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 22 | 0.0% |
Summary: The 56441 real estate market had 22 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56441 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56441, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 56441 in October 2024, up by 200.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 30 Days | +31.7% |
Summary: Homes in 56441 had an average of 30 days on market in Oct 2024, up by 31.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 56441 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 56441; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
