$300,000
Land
Listing Office: Prime Realty
Is 56479, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 56479 has remained a Seller's Market.
Key Takeaway
56479 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56479, MN
How much do homes in 56479, MN cost?
Median Sold Price
$196,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$35,000(+21.7%)
Key Takeaway
Homes in 56479 have sold for 21.7% more than they did a year ago.
Summary: The median home sold price in 56479 was $196,000 in December 2024, up 21.7% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77.2K | $121.5K | +57.3% |
| 2 Bedrooms | $130K | $163.4K | +25.7% |
| 3 Bedrooms | $192.4K | $169.9K | -11.7% |
| 4 Bedrooms | $195.5K | $250.5K | +28.1% |
| 5+ Bedrooms | $302K | $235.5K | -22.0% |
Summary: 56479 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.3%, 2 bedroom homes increased by 25.7%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes increased by 28.1%, and 5+ bedroom homes decreased by 22%.
Median Sold Price Compared To Nearby Zip Codes
| 56479 | $161K | $196K | +21.7% |
| 56466 | $222.5K | $270K | +21.3% |
Housing Supply in 56479, MN
How many homes are available in 56479, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Summary: The 56479 real estate market had 16 homes for sale in December 2024, a 5.9% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 56479 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 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 56479, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 56479 in December 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 56479, MN
How long does it take to sell a home in 56479, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 57 Days | 36 Days | -37.2% |
Summary: Homes in 56479 had an average of 36 days on market in Dec 2024, down by 37.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56479 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 3 homes were sold in 56479; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
