$150,000
Land
Listing Office: Sky Lodge Properties MN, LLC.
Is 56549, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 56549 has remained a Seller's Market.
Key Takeaway
56549 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56549, MN
How much do homes in 56549, MN cost?
Median Sold Price
$325,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+6.6%)
Key Takeaway
Homes in 56549 have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in 56549 was $325,000 in October 2024, up 6.6% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $170K | $141K | -17.1% |
| 3 Bedrooms | $231K | $299.9K | +29.8% |
| 4 Bedrooms | $375K | $357.5K | -4.7% |
| 5+ Bedrooms | $480K | $495.9K | +3.3% |
Summary: 56549 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 17.1%, 3 bedroom homes increased by 29.8%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Zip Codes
| 56554 | $287.5K | $495.5K | +72.3% |
| 56549 | $305K | $325K | +6.6% |
| 56547 | $370K | $279.9K | -24.4% |
Housing Supply in 56549, MN
How many homes are available in 56549, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 37 | -15.9% |
Summary: The 56549 real estate market had 37 homes for sale in October 2024, a 15.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 21 | 14 | -33.3% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The 56549 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 increased by 100%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 56549, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 56549 in October 2024, down by 30.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for 56549, MN
How long does it take to sell a home in 56549, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 68 Days | 73 Days | +7.7% |
Summary: Homes in 56549 had an average of 73 days on market in Oct 2024, up by 7.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 56549 has remained consistent over time.
Summary: During October 2024, 7 homes were sold in 56549; 14% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
