$68,900
Land
Listing Office: Edina Realty, Inc.
Is 56443, 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, 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
$435,000
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$130,050(+42.6%)
Key Takeaway
Homes in 56443 have sold for 42.6% more than they did a year ago.
Summary: The median home sold price in 56443 was $435,000 in October 2024, up 42.6% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $157K | -19.5% |
| 2 Bedrooms | $180K | $170.9K | -5.0% |
| 3 Bedrooms | $370K | $497K | +34.3% |
| 4 Bedrooms | $420.5K | $705K | +67.7% |
| 5+ Bedrooms | - | $435K | N/A |
Summary: 56443 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.5%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 34.3%, 4 bedroom homes increased by 67.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 56443 | $304.9K | $435K | +42.6% |
| 56449 | $290K | $325K | +12.1% |
| 56438 | $190K | $206K | +8.4% |
| 56475 | $233.5K | $230K | -1.5% |
| 56473 | $305K | $290K | -4.9% |
Housing Supply in 56443, MN
How many homes are available in 56443, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Summary: The 56443 real estate market had 8 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56443 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 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 2 homes were sold or pending in 56443 in October 2024, the same as the previous month. Of the 2 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 71 Days | 78 Days | +9.8% |
Summary: Homes in 56443 had an average of 78 days on market in Oct 2024, up by 9.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 56443 has remained consistent over time.
Summary: During October 2024, 2 homes were sold in 56443; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
