$2,078 Closing Credit*
$175,000
1,152 SqFt
3 Beds
•2 Full Baths
Listing Office: Keller Williams Realty Professionals
Is 56443, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 56443 has remained a Seller's Market.
Key Takeaway
56443 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56443, MN
How much do homes in 56443, MN cost?
Median Sold Price
$700,000
$280/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$222,000(-24.1%)
Key Takeaway
Homes in 56443 have sold for 24.1% less than they did a month ago.
Summary: The median home sold price in 56443 was $700,000 in November 2024, down 24.1% from last month, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $139K | $745K | +436.0% |
| 4 Bedrooms | $1.6M | $682.5K | -57.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: 56443 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 436%, 4 bedroom homes decreased by 57.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 56449 | $262.4K | $285.5K | +8.8% |
| 56443 | $922K | $700K | -24.1% |
Housing Supply in 56443, MN
How many homes are available in 56443, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Summary: The 56443 real estate market had 6 homes for sale in November 2024, a 25.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56443 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 remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56443, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 56443 in November 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 56443, MN
How long does it take to sell a home in 56443, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 94 Days | 44 Days | -53.4% |
Summary: Homes in 56443 had an average of 44 days on market in Nov 2024, down by 53.4% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 56443 has remained consistent over time.
Summary: During November 2024, 3 homes were sold in 56443; 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.
