$3,800 Closing Credit*
$320,000
1,440 SqFt
2 Beds
•1 Full Bath
Listing Office: eXp Realty
Is 56468, 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, 56468 has remained a Seller's Market.
Key Takeaway
56468 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56468, MN
How much do homes in 56468, MN cost?
Median Sold Price
$590,000
$312/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$25,000(-4.1%)
Key Takeaway
Homes in 56468 have sold for 4.1% less than they did a year ago.
Summary: The median home sold price in 56468 was $590,000 in October 2024, down 4.1% from last year, and the median price per square foot was $312.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $256.2K | $390K | +52.2% |
| 2 Bedrooms | $380K | $381.5K | 0.4% |
| 3 Bedrooms | $498K | $536K | +7.6% |
| 4 Bedrooms | $770K | $733.9K | -4.7% |
| 5+ Bedrooms | $1.0M | $1.4M | +31.7% |
Summary: 56468 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.2%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 7.6%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 31.7%.
Housing Supply in 56468, MN
How many homes are available in 56468, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 63 | 54 | -14.3% |
Summary: The 56468 real estate market had 54 homes for sale in October 2024, a 14.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 7 | -36.4% |
| 3 Bedrooms | 23 | 20 | -13.0% |
| 4 Bedrooms | 15 | 12 | -20.0% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The 56468 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 36.4%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56468, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 56468 in October 2024, down by 6.3% month-over-month. Of the 15 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 56468, MN
How long does it take to sell a home in 56468, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 28 Days | -36.5% |
Summary: Homes in 56468 had an average of 28 days on market in Oct 2024, down by 36.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56468 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in 56468; 73% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
