$1,182 Closing Credit*
$99,500
1,848 SqFt
3 Beds
•2 Full Baths
Listing Office: Gallery of Homes
Is 56466, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 56466 has remained a Seller's Market.
Key Takeaway
56466 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56466, MN
How much do homes in 56466, MN cost?
Median Sold Price
$287,500
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$48,500(+20.3%)
Key Takeaway
Homes in 56466 have sold for 20.3% more than they did a year ago.
Summary: The median home sold price in 56466 was $287,500 in October 2024, up 20.3% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $156.4K | $150K | -4.1% |
| 2 Bedrooms | $175K | $237.2K | +35.6% |
| 3 Bedrooms | $295K | $328K | +11.2% |
| 4 Bedrooms | $277.5K | $315K | +13.5% |
| 5+ Bedrooms | $1.0M | $490K | -51.0% |
Summary: 56466 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.1%, 2 bedroom homes increased by 35.6%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 51%.
Housing Supply in 56466, MN
How many homes are available in 56466, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 24 | +9.1% |
Summary: The 56466 real estate market had 24 homes for sale in October 2024, a 9.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56466 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56466, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 56466 in October 2024, up by 200.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for 56466, MN
How long does it take to sell a home in 56466, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 50 Days | 99 Days | +94.9% |
Summary: Homes in 56466 had an average of 99 days on market in Oct 2024, up by 94.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56466 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 56466; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
