$2,791 Closing Credit*
$235,000
2,106 SqFt
4 Beds
•1 Full Bath
Listing Office: REALTY XPERTS
Is 56529, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 56529 was a Seller's Market.
Key Takeaway
56529 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 56529, MN
How much do homes in 56529, MN cost?
Median Sold Price
$277,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$53,000(+23.7%)
Key Takeaway
Homes in 56529 have sold for 23.7% more than they did a year ago.
Summary: The median home sold price in 56529 was $277,000 in December 2024, up 23.7% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $45K | -71.0% |
| 2 Bedrooms | $144K | $221.5K | +53.8% |
| 3 Bedrooms | $215K | $241.6K | +12.4% |
| 4 Bedrooms | $277.5K | $335K | +20.7% |
| 5+ Bedrooms | $417K | $369.4K | -11.4% |
Summary: 56529 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 71%, 2 bedroom homes increased by 53.8%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes decreased by 11.4%.
Median Sold Price Compared To Nearby Zip Codes
| 56529 | $224K | $277K | +23.7% |
| 56560 | $260K | $265.6K | +2.2% |
Housing Supply in 56529, MN
How many homes are available in 56529, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 31 | 27 | -12.9% |
Summary: The 56529 real estate market had 27 homes for sale in December 2024, a 12.9% 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 | 7 | 5 | -28.6% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 56529 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 decreased by 28.6%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 56529, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 56529 in December 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 56529, MN
How long does it take to sell a home in 56529, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 88 Days | 32 Days | -63.1% |
Summary: Homes in 56529 had an average of 32 days on market in Dec 2024, down by 63.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56529 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 2 homes were sold in 56529; 50% 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.
