$5,011 Closing Credit*
$422,000
2,656 SqFt
4 Beds
•1 Full Bath
Listing Office: Jack Chivers Realty
Is 56544, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 56544 was a Seller's Market.
Key Takeaway
56544 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 56544, MN
How much do homes in 56544, MN cost?
Median Sold Price
$325,500
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$26,250(+8.8%)
Key Takeaway
Homes in 56544 have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in 56544 was $325,500 in November 2024, up 8.8% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132.5K | $102.5K | -22.6% |
| 2 Bedrooms | $237K | $310.5K | +31.0% |
| 3 Bedrooms | $282K | $310K | +9.9% |
| 4 Bedrooms | $339K | $547K | +61.4% |
| 5+ Bedrooms | $595.3K | $177.1K | -70.3% |
Summary: 56544 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.6%, 2 bedroom homes increased by 31%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 61.4%, and 5+ bedroom homes decreased by 70.3%.
Housing Supply in 56544, MN
How many homes are available in 56544, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Summary: The 56544 real estate market had 19 homes for sale in November 2024, a 13.6% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 56544 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 12.5%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
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 56544, 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 56544 in November 2024, down by 75.0% 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 56544, MN
How long does it take to sell a home in 56544, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 73 Days | +119.0% |
Summary: Homes in 56544 had an average of 73 days on market in Nov 2024, up by 119% 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 56544 has remained consistent over time.
Summary: During November 2024, 1 homes were sold in 56544; 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.
