$3,681 Closing Credit*
$310,000
1,232 SqFt
3 Beds
•2 Full Baths
Listing Office: Heartland Real Estate
Is 56452, 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, 56452 has remained a Seller's Market.
Key Takeaway
56452 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56452, MN
How much do homes in 56452, MN cost?
Median Sold Price
$666,000
$268/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$341,000(+104.9%)
Key Takeaway
Homes in 56452 have sold for 104.9% more than they did a month ago.
Summary: The median home sold price in 56452 was $666,000 in October 2024, up 104.9% from last month, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $300K | - | N/A |
| 3 Bedrooms | $799K | $551K | -31.0% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $666K | N/A |
Summary: 56452 housing prices by bedroom type for October 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 decreased by 31%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 56452 | $325K | $666K | +104.9% |
| 56655 | $384.9K | $362.5K | -5.8% |
Housing Supply in 56452, MN
How many homes are available in 56452, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 31 | +10.7% |
Summary: The 56452 real estate market had 31 homes for sale in October 2024, a 10.7% 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 | 9 | 7 | -22.2% |
| 3 Bedrooms | 14 | 18 | +28.6% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 56452 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 22.2%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56452, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 56452 in October 2024, down by 22.2% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for 56452, MN
How long does it take to sell a home in 56452, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 37 Days | +8.4% |
Summary: Homes in 56452 had an average of 37 days on market in Oct 2024, up by 8.4% compared to last month.
Breakdown of Home Sale Times
6 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 56452 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 56452; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
