$4,144 Closing Credit*
$349,000
1,930 SqFt
3 Beds
•1 Full Bath
Listing Office: Realty Group LLC
Is 56473, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 56473 was a Seller's Market.
Key Takeaway
56473 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 56473, MN
How much do homes in 56473, MN cost?
Median Sold Price
$289,500
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$15,500(-5.1%)
Key Takeaway
Homes in 56473 have sold for 5.1% less than they did a year ago.
Summary: The median home sold price in 56473 was $289,500 in November 2024, down 5.1% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135.6K | - | N/A |
| 2 Bedrooms | $223.5K | $246.2K | +10.2% |
| 3 Bedrooms | $307.5K | $257.7K | -16.2% |
| 4 Bedrooms | $334.5K | $485K | +45.0% |
| 5+ Bedrooms | $500K | $542K | +8.4% |
Summary: 56473 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.2%, 3 bedroom homes decreased by 16.2%, 4 bedroom homes increased by 45%, and 5+ bedroom homes increased by 8.4%.
Housing Supply in 56473, MN
How many homes are available in 56473, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Summary: The 56473 real estate market had 10 homes for sale in November 2024, a 11.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56473 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
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 56473, 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 56473 in November 2024, down by 50.0% 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 56473, MN
How long does it take to sell a home in 56473, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 2 Days | -95.0% |
Summary: Homes in 56473 had an average of 2 days on market in Nov 2024, down by 95% 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 56473 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in 56473; 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.
