$3,324 Closing Credit*
$279,900
2,496 SqFt
4 Beds
•1 Full Bath, 1 Partial
Listing Office: Realty Experts, LLC
Is 56650, 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, 56650 has remained a Seller's Market.
Key Takeaway
56650 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56650, MN
How much do homes in 56650, MN cost?
Median Sold Price
$263,900
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,400(+13.0%)
Key Takeaway
Homes in 56650 have sold for 13% more than they did a year ago.
Summary: The median home sold price in 56650 was $263,900 in November 2024, up 13% 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 | - | - | N/A |
| 2 Bedrooms | $217K | $263.9K | +21.6% |
| 3 Bedrooms | $397K | $199.9K | -49.6% |
| 4 Bedrooms | - | $280K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 56650 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.6%, 3 bedroom homes decreased by 49.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 56650, MN
How many homes are available in 56650, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Summary: The 56650 real estate market had 5 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56650 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 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 56650, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 56650 in November 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 56650, MN
How long does it take to sell a home in 56650, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 69 Days | 40 Days | -42.0% |
Summary: Homes in 56650 had an average of 40 days on market in Nov 2024, down by 42% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 56650 has remained consistent over time.
Summary: During November 2024, 1 homes were sold in 56650; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
