$5,451 Closing Credit*
$459,000
819 SqFt
3 Beds
•2 Baths
Listing Office: Boll Realty
Is 56576, 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, 56576 was a Buyer's Market.
Key Takeaway
56576 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56576, MN
How much do homes in 56576, MN cost?
Median Sold Price
$209,900
$275/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$353,650(-62.8%)
Key Takeaway
Homes in 56576 have sold for 62.8% less than they did a month ago.
Summary: The median home sold price in 56576 was $209,900 in October 2024, down 62.8% from last month, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $209.9K | N/A |
| 3 Bedrooms | $563.5K | $199K | -64.7% |
| 4 Bedrooms | - | $460K | N/A |
| 5+ Bedrooms | - | $777K | N/A |
Summary: 56576 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 decreased by 64.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 56515 | $297.5K | $230K | -22.7% |
| 56576 | $563.5K | $209.9K | -62.8% |
Housing Supply in 56576, MN
How many homes are available in 56576, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Summary: The 56576 real estate market had 25 homes for sale in October 2024, a 3.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 56576 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 remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 56576, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 56576 in October 2024, up by 250.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for 56576, MN
How long does it take to sell a home in 56576, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 77 Days | +82.4% |
Summary: Homes in 56576 had an average of 77 days on market in Oct 2024, up by 82.4% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56576 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 56576; 43% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
