$582 Closing Credit*
$49,000
1,167 SqFt
3 Beds
•1 Full Bath
Listing Office: Source One Realty, LLC
Is 56477, 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, 56477 was a Buyer's Market.
Key Takeaway
56477 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56477, MN
How much do homes in 56477, MN cost?
Median Sold Price
$192,750
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,850(+20.5%)
Key Takeaway
Homes in 56477 have sold for 20.5% more than they did a year ago.
Summary: The median home sold price in 56477 was $192,750 in October 2024, up 20.5% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159.9K | - | N/A |
| 2 Bedrooms | $58.9K | $83.5K | +41.6% |
| 3 Bedrooms | $84.9K | $199.9K | +135.4% |
| 4 Bedrooms | $362.5K | $187K | -48.4% |
| 5+ Bedrooms | $377.5K | $289.2K | -23.4% |
Summary: 56477 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 increased by 41.6%, 3 bedroom homes increased by 135.4%, 4 bedroom homes decreased by 48.4%, and 5+ bedroom homes decreased by 23.4%.
Housing Supply in 56477, MN
How many homes are available in 56477, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Summary: The 56477 real estate market had 17 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 56477 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56477, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 56477 in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 56477, MN
How long does it take to sell a home in 56477, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 6 Days | 157 Days | +2529.2% |
Summary: Homes in 56477 had an average of 157 days on market in Oct 2024, up by 2529.2% 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 56477 has remained consistent over time.
Summary: During October 2024, 4 homes were sold in 56477; 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.
