$299,000
Land
Listing Office: Whitetail Properties Real
Is 56466, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$290,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$65,000(+28.9%)
Key Takeaway
Homes in 56466 have sold for 28.9% more than they did a year ago.
Summary: The median home sold price in 56466 was $290,000 in November 2024, up 28.9% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $156.4K | $146K | -6.7% |
| 2 Bedrooms | $167K | $252.2K | +51.0% |
| 3 Bedrooms | $295K | $329K | +11.5% |
| 4 Bedrooms | $260K | $312.5K | +20.2% |
| 5+ Bedrooms | $1.0M | $490K | -51.0% |
Summary: 56466 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 51%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 20.2%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Summary: The 56466 real estate market had 17 homes for sale in November 2024, a 15.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56466 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56466, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 56466 in November 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 87 Days | 50 Days | -41.8% |
Summary: Homes in 56466 had an average of 50 days on market in Nov 2024, down by 41.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 56466 has remained consistent over time.
Summary: During November 2024, 4 homes were sold in 56466; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
