$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 Last Month
Since last month, 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
$285,500
$236/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$23,050(+8.8%)
Key Takeaway
Homes in 56449 have sold for 8.8% more than they did a month ago.
Summary: The median home sold price in 56449 was $285,500 in November 2024, up 8.8% from last month, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $199.9K | $275K | +37.6% |
| 3 Bedrooms | - | $296K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $325K | - | N/A |
Summary: 56449 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 increased by 37.6%, 3 bedroom homes did not change, 4 bedroom homes did not change, 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 56449, MN
How many homes are available in 56449, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Summary: The 56449 real estate market had 6 homes for sale in November 2024, a 14.3% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 56449 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 decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 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 56449, 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 56449 in November 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 56449, MN
How long does it take to sell a home in 56449, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 59 Days | 32 Days | -45.8% |
Summary: Homes in 56449 had an average of 32 days on market in Nov 2024, down by 45.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56449 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 56449; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
