$713 Closing Credit*
$60,000
924 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Coldwell Banker Crown Realtors
Is 56570, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 56570 has remained a Seller's Market.
Key Takeaway
56570 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56570, MN
How much do homes in 56570, MN cost?
Median Sold Price
$404,320
$194/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$63,180(-13.5%)
Key Takeaway
Homes in 56570 have sold for 13.5% less than they did a month ago.
Summary: The median home sold price in 56570 was $404,320 in November 2024, down 13.5% from last month, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $172.5K | $352.1K | +104.1% |
| 4 Bedrooms | $762.5K | $456.5K | -40.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: 56570 housing prices by bedroom type for November 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 increased by 104.1%, 4 bedroom homes decreased by 40.1%, and 5+ bedroom homes did not change.
Housing Supply in 56570, MN
How many homes are available in 56570, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The 56570 real estate market had 5 homes for sale in November 2024, a 16.7% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56570 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 increased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56570, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 56570 in November 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 56570, MN
How long does it take to sell a home in 56570, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 65 Days | +403.8% |
Summary: Homes in 56570 had an average of 65 days on market in Nov 2024, up by 403.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 56570 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 56570; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
