$19,000
Land
Listing Office: Coldwell Banker Crown Realtors
Is 56455, 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, 56455 has remained a Seller's Market.
Key Takeaway
56455 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56455, MN
How much do homes in 56455, MN cost?
Median Sold Price
$257,450
$115/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$42,450(-14.2%)
Key Takeaway
Homes in 56455 have sold for 14.2% less than they did a month ago.
Summary: The median home sold price in 56455 was $257,450 in November 2024, down 14.2% from last month, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | - | N/A |
| 2 Bedrooms | $216K | - | N/A |
| 3 Bedrooms | $365.7K | - | N/A |
| 4 Bedrooms | $299.9K | $257.4K | -14.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: 56455 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 did not change, 4 bedroom homes decreased by 14.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 56455 | $299.9K | $257.4K | -14.2% |
| 56444 | $939K | $372.5K | -60.3% |
Housing Supply in 56455, MN
How many homes are available in 56455, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Summary: The 56455 real estate market had 4 homes for sale in November 2024, a 55.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 3 | 1 | -66.7% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56455 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 66.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 56455, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 56455 in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 56455, MN
How long does it take to sell a home in 56455, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 Days | 46 Days | -26.3% |
Summary: Homes in 56455 had an average of 46 days on market in Nov 2024, down by 26.3% 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 56455 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 56455; 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.
