$4,333 Closing Credit*
$364,900
1,620 SqFt
3 Beds
•1 Full Bath
Listing Office: Weichert RE - Paulson Land Co
Is 56524, 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, 56524 has remained a Seller's Market.
Key Takeaway
56524 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56524, MN
How much do homes in 56524, MN cost?
Median Sold Price
$395,000
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,500(+1.9%)
Key Takeaway
Homes in 56524 have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in 56524 was $395,000 in October 2024, up 1.9% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55K | - | N/A |
| 2 Bedrooms | $235K | $395K | +68.1% |
| 3 Bedrooms | $1.3M | $443.5K | -66.1% |
| 4 Bedrooms | $425K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 56524 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 68.1%, 3 bedroom homes decreased by 66.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 56524 | $387.5K | $395K | +1.9% |
| 56551 | $350K | $195K | -44.3% |
Housing Supply in 56524, MN
How many homes are available in 56524, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Summary: The 56524 real estate market had 9 homes for sale in October 2024, a 10.0% decrease 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56524 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 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 |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 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 56524, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 56524 in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 56524, MN
How long does it take to sell a home in 56524, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 58 Days | +480.0% |
Summary: Homes in 56524 had an average of 58 days on market in Oct 2024, up by 480% compared to last year.
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 56524 has remained consistent over time.
Summary: During October 2024, 2 homes were sold in 56524; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
