$259,000
Land
Listing Office: Island View Realty
Is 56649, 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, 56649 has remained a Seller's Market.
Key Takeaway
56649 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56649, MN
How much do homes in 56649, MN cost?
Median Sold Price
$147,700
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,700(+6.3%)
Key Takeaway
Homes in 56649 have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in 56649 was $147,700 in November 2024, up 6.3% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $129.9K | -7.2% |
| 2 Bedrooms | $105K | $144K | +37.1% |
| 3 Bedrooms | $126K | $144K | +14.3% |
| 4 Bedrooms | $180K | $180K | 0.0% |
| 5+ Bedrooms | $159K | $350K | +120.1% |
Summary: 56649 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.2%, 2 bedroom homes increased by 37.1%, 3 bedroom homes increased by 14.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 120.1%.
Housing Supply in 56649, MN
How many homes are available in 56649, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 34 | -19.0% |
Summary: The 56649 real estate market had 34 homes for sale in November 2024, a 19.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 15 | 10 | -33.3% |
| 3 Bedrooms | 19 | 16 | -15.8% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56649 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 33.3%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 56649, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 56649 in November 2024, up by 25.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for 56649, MN
How long does it take to sell a home in 56649, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 57 Days | 66 Days | +17.2% |
Summary: Homes in 56649 had an average of 66 days on market in Nov 2024, up by 17.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 56649 has remained consistent over time.
Summary: During November 2024, 10 homes were sold in 56649; 30% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
