$5,046 Closing Credit*
$424,900
2,418 SqFt
4 Beds
•1 Full Bath
Listing Office: Adams Development Corp.
Is 56547, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 56547 was a Seller's Market.
Key Takeaway
56547 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 56547, MN
How much do homes in 56547, MN cost?
Median Sold Price
$279,900
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$90,100(-24.4%)
Key Takeaway
Homes in 56547 have sold for 24.4% less than they did a year ago.
Summary: The median home sold price in 56547 was $279,900 in October 2024, down 24.4% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $312.5K | N/A |
| 2 Bedrooms | $222.4K | $206.5K | -7.2% |
| 3 Bedrooms | $287K | $321K | +11.8% |
| 4 Bedrooms | $369.9K | $280K | -24.3% |
| 5+ Bedrooms | $562.5K | $262.4K | -53.3% |
Summary: 56547 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 decreased by 7.2%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 24.3%, and 5+ bedroom homes decreased by 53.3%.
Median Sold Price Compared To Nearby Zip Codes
| 56580 | $230K | $301K | +30.9% |
| 56529 | $230K | $262K | +13.9% |
| 56560 | $257K | $264.2K | +2.8% |
| 56547 | $370K | $279.9K | -24.4% |
Housing Supply in 56547, MN
How many homes are available in 56547, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 35 | -10.3% |
Summary: The 56547 real estate market had 35 homes for sale in October 2024, a 10.3% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 12 | 8 | -33.3% |
Summary: The 56547 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 remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 1 | -92.9% |
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 56547, 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 56547 in October 2024, down by 92.9% 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 56547, MN
We’re sorry, we don't have information for this market at the moment
