$2,114 Closing Credit*
$178,000
1,500 SqFt
3 Beds
•1 Full Bath
Listing Office: 218 Real Estate
Is 56633, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 56633 has remained a Buyer's Market.
Key Takeaway
56633 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 56633, MN
How much do homes in 56633, MN cost?
Median Sold Price
$227,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$72,500(-24.2%)
Key Takeaway
Homes in 56633 have sold for 24.2% less than they did a year ago.
Summary: The median home sold price in 56633 was $227,000 in November 2024, down 24.2% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55K | $227K | +312.7% |
| 2 Bedrooms | $400K | $160K | -60.0% |
| 3 Bedrooms | $210K | $289K | +37.6% |
| 4 Bedrooms | $269.7K | $273.2K | +1.3% |
| 5+ Bedrooms | $450K | $50K | -88.9% |
Summary: 56633 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 312.7%, 2 bedroom homes decreased by 60%, 3 bedroom homes increased by 37.6%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 88.9%.
Median Sold Price Compared To Nearby Zip Codes
| 56601 | $264K | $289.6K | +9.7% |
| 56633 | $299.5K | $227K | -24.2% |
Housing Supply in 56633, MN
How many homes are available in 56633, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Summary: The 56633 real estate market had 23 homes for sale in November 2024, a 4.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 4 | 1 | -75.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56633 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
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 56633, 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 56633 in November 2024, down by 50.0% 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 56633, MN
How long does it take to sell a home in 56633, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 52 Days | +426.7% |
Summary: Homes in 56633 had an average of 52 days on market in Nov 2024, up by 426.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 56633 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 56633; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
