$145,000
Land
Listing Office: Savvy Avenue, LLC
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
$300,000
$178/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$366,000(-55.0%)
Key Takeaway
Homes in 56452 have sold for 55% less than they did a month ago.
Summary: The median home sold price in 56452 was $300,000 in November 2024, down 55% from last month, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $295K | N/A |
| 3 Bedrooms | $551K | $332.5K | -39.7% |
| 4 Bedrooms | - | $232K | N/A |
| 5+ Bedrooms | $666K | - | N/A |
Summary: 56452 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 decreased by 39.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 56452, MN
How many homes are available in 56452, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 26 | -13.3% |
Summary: The 56452 real estate market had 26 homes for sale in November 2024, a 13.3% 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 | 6 | 8 | +33.3% |
| 3 Bedrooms | 18 | 13 | -27.8% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 56452 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 increased by 33.3%, 3 bedroom homes decreased by 27.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 56452, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 56452 in November 2024, down by 28.6% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 79 Days | +115.7% |
Summary: Homes in 56452 had an average of 79 days on market in Nov 2024, up by 115.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 56452 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 5 homes were sold in 56452; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
