$1,633 Closing Credit*
$137,500
1,092 SqFt
2 Beds
•1 Full Bath
Listing Office: Central MN Realty LLC
Is 56567, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 56567 was a Neutral Market.
Key Takeaway
56567 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56567, MN
How much do homes in 56567, MN cost?
Median Sold Price
$277,000
$122/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$152,500(+122.5%)
Key Takeaway
Homes in 56567 have sold for 122.5% more than they did a month ago.
Summary: The median home sold price in 56567 was $277,000 in November 2024, up 122.5% from last month, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $69K | $78.2K | +13.4% |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $318K | N/A |
| 4 Bedrooms | $180K | - | N/A |
| 5+ Bedrooms | - | $355K | N/A |
Summary: 56567 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 13.4%, 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
| 56567 | $124.5K | $277K | +122.5% |
| 56527 | $133K | $192K | +44.4% |
Housing Supply in 56567, MN
How many homes are available in 56567, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The 56567 real estate market had 11 homes for sale in November 2024, a 8.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 56567 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 56567, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 56567 in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 56567, MN
How long does it take to sell a home in 56567, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 59 Days | +223.0% |
Summary: Homes in 56567 had an average of 59 days on market in Nov 2024, up by 223% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 56567 has remained consistent over time.
Summary: During November 2024, 4 homes were sold in 56567; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
