$3,842 Closing Credit*
$323,500
1,820 SqFt
3 Beds
•1 Full Bath
Listing Office: Coldwell Banker Realty
Is 56464, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 56464 was a Seller's Market.
Key Takeaway
56464 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 56464, MN
How much do homes in 56464, MN cost?
Median Sold Price
$234,250
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$20,750(-8.1%)
Key Takeaway
Homes in 56464 have sold for 8.1% less than they did a year ago.
Summary: The median home sold price in 56464 was $234,250 in October 2024, down 8.1% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159K | $180.2K | +13.4% |
| 2 Bedrooms | $195K | $179.5K | -7.9% |
| 3 Bedrooms | $277.5K | $252K | -9.2% |
| 4 Bedrooms | $340K | $310K | -8.8% |
| 5+ Bedrooms | $170K | $297.5K | +75.0% |
Summary: 56464 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.4%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 75%.
Housing Supply in 56464, MN
How many homes are available in 56464, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 29 | +16.0% |
Summary: The 56464 real estate market had 29 homes for sale in October 2024, a 16.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 56464 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56464, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 56464 in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 56464, MN
How long does it take to sell a home in 56464, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 94 Days | 7 Days | -92.6% |
Summary: Homes in 56464 had an average of 7 days on market in Oct 2024, down by 92.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56464 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in 56464; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
