$219,900
Land
Listing Office: Edina Realty, Inc.
Is 56449, 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, 56449 has remained a Seller's Market.
Key Takeaway
56449 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56449, MN
How much do homes in 56449, MN cost?
Median Sold Price
$325,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,000(+12.1%)
Key Takeaway
Homes in 56449 have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in 56449 was $325,000 in October 2024, up 12.1% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $255K | $260K | +2.0% |
| 3 Bedrooms | $257.5K | $257.5K | 0.0% |
| 4 Bedrooms | $473K | $530K | +12.1% |
| 5+ Bedrooms | $290K | $434.9K | +50.0% |
Summary: 56449 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%, 3 bedroom homes did not change, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 50%.
Housing Supply in 56449, MN
How many homes are available in 56449, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Summary: The 56449 real estate market had 9 homes for sale in October 2024, a 28.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 56449 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 increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
0 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 56449, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 56449 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 56449, MN
How long does it take to sell a home in 56449, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 59 Days | +168.2% |
Summary: Homes in 56449 had an average of 59 days on market in Oct 2024, up by 168.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 56449 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 56449; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
