$6,175 Closing Credit*
$520,000
1,824 SqFt
4 Beds
•2 Baths
Listing Office: MOVE IT REAL ESTATE GROUP/LAKEHOMES.COM
Is 56636, 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, 56636 has remained a Seller's Market.
Key Takeaway
56636 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56636, MN
How much do homes in 56636, MN cost?
Median Sold Price
$242,500
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$15,500(-6.0%)
Key Takeaway
Homes in 56636 have sold for 6% less than they did a year ago.
Summary: The median home sold price in 56636 was $242,500 in November 2024, down 6% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $142.7K | $77K | -46.1% |
| 2 Bedrooms | $188.9K | $217.5K | +15.1% |
| 3 Bedrooms | $325K | $400K | +23.1% |
| 4 Bedrooms | $405K | $396.5K | -2.1% |
| 5+ Bedrooms | $390K | $620K | +59.0% |
Summary: 56636 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.1%, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 23.1%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 59%.
Housing Supply in 56636, MN
How many homes are available in 56636, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 14 | -33.3% |
Summary: The 56636 real estate market had 14 homes for sale in November 2024, a 33.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 5 | -54.5% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56636 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 decreased by 54.5%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
5 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 56636, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 56636 in November 2024, down by 37.5% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 56636, MN
How long does it take to sell a home in 56636, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 68 Days | +43.7% |
Summary: Homes in 56636 had an average of 68 days on market in Nov 2024, up by 43.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 56636 has remained consistent over time.
Summary: During November 2024, 5 homes were sold in 56636; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
