$1,661 Closing Credit*
$139,900
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 Seller's Market.
Key Takeaway
56567 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 56567, MN
How much do homes in 56567, MN cost?
Median Sold Price
$124,500
$78/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$123,625(-49.8%)
Key Takeaway
Homes in 56567 have sold for 49.8% less than they did a month ago.
Summary: The median home sold price in 56567 was $124,500 in October 2024, down 49.8% from last month, and the median price per square foot was $78.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $69K | N/A |
| 2 Bedrooms | $258.6K | - | N/A |
| 3 Bedrooms | $181.9K | - | N/A |
| 4 Bedrooms | $262K | $180K | -31.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: 56567 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 56567 | $248.1K | $124.5K | -49.8% |
| 56527 | $341.2K | $133K | -61.0% |
Housing Supply in 56567, MN
How many homes are available in 56567, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 18 | -25.0% |
Summary: The 56567 real estate market had 18 homes for sale in October 2024, a 25.0% 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 | 6 | 4 | -33.3% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 56567 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 decreased by 33.3%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
0 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, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 56567 in October 2024, down by 66.7% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 18 Days | -59.8% |
Summary: Homes in 56567 had an average of 18 days on market in Oct 2024, down by 59.8% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56567 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 56567; 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.
