$269,900
Land
Listing Office: Centennial Realty
Is 56534, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 56534 has remained a Seller's Market.
Key Takeaway
56534 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56534, MN
How much do homes in 56534, MN cost?
Median Sold Price
$432,000
$189/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$83,000(-16.1%)
Key Takeaway
Homes in 56534 have sold for 16.1% less than they did a month ago.
Summary: The median home sold price in 56534 was $432,000 in December 2024, down 16.1% from last month, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $432K | N/A |
| 4 Bedrooms | $515K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 56534 housing prices by bedroom type for December 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
| 56572 | $332K | $295K | -11.1% |
| 56534 | $515K | $432K | -16.1% |
Housing Supply in 56534, MN
How many homes are available in 56534, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Summary: The 56534 real estate market had 3 homes for sale in December 2024, a 25.0% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56534 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 56534, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 56534 in December 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 56534, MN
How long does it take to sell a home in 56534, MN?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 98 Days | 63 Days | -35.7% |
Summary: Homes in 56534 had an average of 63 days on market in Dec 2024, down by 35.7% 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 56534 has remained consistent over time.
Summary: During December 2024, 1 homes were sold in 56534; 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.
