$3,028 Closing Credit*
$255,000
1,456 SqFt
3 Beds
•2 Full Baths
Listing Office: eXp Realty
Is 56469, 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, 56469 has remained a Seller's Market.
Key Takeaway
56469 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56469, MN
How much do homes in 56469, MN cost?
Median Sold Price
$219,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$101,000(-31.6%)
Key Takeaway
Homes in 56469 have sold for 31.6% less than they did a year ago.
Summary: The median home sold price in 56469 was $219,000 in October 2024, down 31.6% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127K | $132.5K | +4.3% |
| 2 Bedrooms | $377.5K | $195K | -48.3% |
| 3 Bedrooms | $320K | $455K | +42.2% |
| 4 Bedrooms | $275K | $265K | -3.6% |
| 5+ Bedrooms | $425K | $490K | +15.3% |
Summary: 56469 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes decreased by 48.3%, 3 bedroom homes increased by 42.2%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 15.3%.
Housing Supply in 56469, MN
How many homes are available in 56469, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The 56469 real estate market had 12 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 2 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 56469 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 increased by 50%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56469, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 56469 in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 56469, MN
How long does it take to sell a home in 56469, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 5 Days | 86 Days | +1620.0% |
Summary: Homes in 56469 had an average of 86 days on market in Oct 2024, up by 1620% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 56469 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 3 homes were sold in 56469; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
