$75,000
Land
Listing Office: Base Camp Country Real Estate
Is 56630, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 56630 was a Seller's Market.
Key Takeaway
56630 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 56630, MN
How much do homes in 56630, MN cost?
Median Sold Price
$175,000
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$26,100(+17.5%)
Key Takeaway
Homes in 56630 have sold for 17.5% more than they did a year ago.
Summary: The median home sold price in 56630 was $175,000 in October 2024, up 17.5% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $130K | $175K | +34.6% |
| 3 Bedrooms | $145K | $187.9K | +29.6% |
| 4 Bedrooms | $148.9K | $145K | -2.6% |
| 5+ Bedrooms | $193.7K | $696.9K | +259.7% |
Summary: 56630 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.6%, 3 bedroom homes increased by 29.6%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 259.7%.
Housing Supply in 56630, MN
How many homes are available in 56630, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Summary: The 56630 real estate market had 13 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 56630 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 increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56630, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 56630 in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 56630, MN
How long does it take to sell a home in 56630, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 34 Days | +64.3% |
Summary: Homes in 56630 had an average of 34 days on market in Oct 2024, up by 64.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56630 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 56630; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
