$2,613 Closing Credit*
$220,000
2,949 SqFt
5 Beds
•2 Full Baths
Listing Office: REALTY XPERTS
Is 56510, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 56510 was a Seller's Market.
Key Takeaway
56510 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 56510, MN
How much do homes in 56510, MN cost?
Median Sold Price
$384,000
$127/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$74,000(+23.9%)
Key Takeaway
Homes in 56510 have sold for 23.9% more than they did a month ago.
Summary: The median home sold price in 56510 was $384,000 in November 2024, up 23.9% from last month, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $230K | - | N/A |
| 4 Bedrooms | $310K | - | N/A |
| 5+ Bedrooms | - | $384K | N/A |
Summary: 56510 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 56584 | $125K | $167.9K | +34.3% |
| 56510 | $310K | $384K | +23.9% |
Housing Supply in 56510, MN
How many homes are available in 56510, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 26 | -21.2% |
Summary: The 56510 real estate market had 26 homes for sale in November 2024, a 21.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 11 | 5 | -54.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 56510 housing inventory by bedroom type for November 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 9.1%, 4 bedroom homes decreased by 54.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 1 | -85.7% |
Asking Price vs. Sold Price
1 Home Was 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 1 homes were sold or pending in 56510 in November 2024, down by 85.7% month-over-month. Of the 1 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?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 Days | 44 Days | -29.3% |
Summary: Homes in 56510 had an average of 44 days on market in Nov 2024, down by 29.3% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 56510 has remained consistent over time.
Summary: During November 2024, 1 homes were sold in 56510; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
