$772 Closing Credit*
$65,000
784 SqFt
2 Beds
•1 Full Bath
Listing Office: KW Inspire Realty Keller Williams (Grand Forks)
Is 56548, 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, 56548 was a Seller's Market.
Key Takeaway
56548 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 56548, MN
How much do homes in 56548, MN cost?
Median Sold Price
$150,000
$80/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$34,500(-18.7%)
Key Takeaway
Homes in 56548 have sold for 18.7% less than they did a year ago.
Summary: The median home sold price in 56548 was $150,000 in November 2024, down 18.7% from last year, and the median price per square foot was $80.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $156.1K | $185K | +18.5% |
| 3 Bedrooms | $158.5K | $140K | -11.7% |
| 4 Bedrooms | $208K | $158K | -24.0% |
| 5+ Bedrooms | $454.9K | - | N/A |
Summary: 56548 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.5%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes decreased by 24%, and 5+ bedroom homes did not change.
Housing Supply in 56548, MN
How many homes are available in 56548, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Summary: The 56548 real estate market had 7 homes for sale in November 2024, a 30.0% 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56548 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 decreased by 20%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
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 56548, 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 56548 in November 2024, down by 50.0% 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 56548, MN
How long does it take to sell a home in 56548, MN?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56548 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in 56548; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
