$19,900
Land
Listing Office: MN LAKESHORE PROPERTIES/MN UP NORTH REALTY
Is 56628, 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, 56628 has remained a Seller's Market.
Key Takeaway
56628 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56628, MN
How much do homes in 56628, MN cost?
Median Sold Price
$445,000
$478/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$257,090(+136.8%)
Key Takeaway
Homes in 56628 have sold for 136.8% more than they did a month ago.
Summary: The median home sold price in 56628 was $445,000 in November 2024, up 136.8% from last month, and the median price per square foot was $478.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $181.2K | $377K | +108.0% |
| 2 Bedrooms | $250.9K | $445K | +77.4% |
| 3 Bedrooms | $144.3K | $1.5M | +967.1% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 56628 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 108%, 2 bedroom homes increased by 77.4%, 3 bedroom homes increased by 967.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 56628, MN
How many homes are available in 56628, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Summary: The 56628 real estate market had 10 homes for sale in November 2024, a 28.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56628 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 decreased by 20%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 56628, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 56628 in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 56628, MN
How long does it take to sell a home in 56628, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 43 Days | -5.0% |
Summary: Homes in 56628 had an average of 43 days on market in Nov 2024, down by 5% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 56628 has remained consistent over time.
Summary: During November 2024, 3 homes were sold in 56628; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
