$1,087 Closing Credit*
$91,500
1,350 SqFt
3 Beds
•1 Full Bath
Listing Office: Home Crown Realty LLC
Is 56510, 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, 56510 has remained a Seller's Market.
Key Takeaway
56510 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56510, MN
How much do homes in 56510, MN cost?
Median Sold Price
$166,950
$63/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$59,450(+55.3%)
Key Takeaway
Homes in 56510 have sold for 55.3% more than they did a year ago.
Summary: The median home sold price in 56510 was $166,950 in October 2024, up 55.3% from last year, and the median price per square foot was $63.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $41.5K | - | N/A |
| 2 Bedrooms | $74.2K | $178K | +139.7% |
| 3 Bedrooms | $130K | $155K | +19.2% |
| 4 Bedrooms | $126.2K | $210K | +66.4% |
| 5+ Bedrooms | $170K | $100K | -41.2% |
Summary: 56510 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 139.7%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 66.4%, and 5+ bedroom homes decreased by 41.2%.
Housing Supply in 56510, MN
How many homes are available in 56510, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 34 | +13.3% |
Summary: The 56510 real estate market had 34 homes for sale in October 2024, a 13.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 56510 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 increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56510, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 56510 in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 56510, MN
How long does it take to sell a home in 56510, MN?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 56510 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 56510; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
