$3,205 Closing Credit*
$269,900
1,864 SqFt
4 Beds
•1 Full Bath
Listing Office: Keller Williams Realty Professionals
Is 56475, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 56475 was a Seller's Market.
Key Takeaway
56475 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 56475, MN
How much do homes in 56475, MN cost?
Median Sold Price
$230,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$3,500(-1.5%)
Key Takeaway
Homes in 56475 have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in 56475 was $230,000 in October 2024, down 1.5% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $151.5K | N/A |
| 2 Bedrooms | $233.7K | $205K | -12.3% |
| 3 Bedrooms | $232K | $190K | -18.1% |
| 4 Bedrooms | $238.9K | $290K | +21.4% |
| 5+ Bedrooms | $190K | $590K | +210.5% |
Summary: 56475 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.3%, 3 bedroom homes decreased by 18.1%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 210.5%.
Median Sold Price Compared To Nearby Zip Codes
| 56443 | $304.9K | $435K | +42.6% |
| 56449 | $290K | $325K | +12.1% |
| 56345 | $225K | $240K | +6.7% |
| 56475 | $233.5K | $230K | -1.5% |
| 56347 | $222.4K | $209.4K | -5.8% |
Housing Supply in 56475, MN
How many homes are available in 56475, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Summary: The 56475 real estate market had 12 homes for sale in October 2024, a 33.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 56475 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 200%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 56475, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 56475 in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 56475, MN
We’re sorry, we don't have information for this market at the moment
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 56475 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in 56475; 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.
