$2,077 Closing Credit*
$174,900
1,129 SqFt
3 Beds
•2 Baths
Listing Office: eXp Realty
Is 56479, 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, 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
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,500(+13.0%)
Key Takeaway
Homes in 56479 have sold for 13% more than they did a year ago.
Summary: The median home sold price in 56479 was $196,000 in October 2024, up 13% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89.5K | $82K | -8.4% |
| 2 Bedrooms | $146K | $163.4K | +12.0% |
| 3 Bedrooms | $189.9K | $168.9K | -11.0% |
| 4 Bedrooms | $235K | $250.5K | +6.6% |
| 5+ Bedrooms | $390K | $235.5K | -39.6% |
Summary: 56479 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.4%, 2 bedroom homes increased by 12%, 3 bedroom homes decreased by 11%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 39.6%.
Median Sold Price Compared To Nearby Zip Codes
| 56466 | $239K | $287.5K | +20.3% |
| 56479 | $173.5K | $196K | +13.0% |
Housing Supply in 56479, MN
How many homes are available in 56479, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Summary: The 56479 real estate market had 23 homes for sale in October 2024, a 4.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 56479 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 decreased by 25%, 3 bedroom homes increased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 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. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 56479 in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 46 Days | +281.7% |
Summary: Homes in 56479 had an average of 46 days on market in Oct 2024, up by 281.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 56479 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 56479; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
