$4,453 Closing Credit*
$375,000
2,264 SqFt
4 Beds
•3 Baths
Listing Office: Bill Hansen Realty/Longville
Is 56655, 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, 56655 has remained a Seller's Market.
Key Takeaway
56655 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56655, MN
How much do homes in 56655, MN cost?
Median Sold Price
$452,500
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$80,000(+21.5%)
Key Takeaway
Homes in 56655 have sold for 21.5% more than they did a year ago.
Summary: The median home sold price in 56655 was $452,500 in November 2024, up 21.5% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $249.9K | $159.9K | -36.0% |
| 2 Bedrooms | $282.9K | $324K | +14.5% |
| 3 Bedrooms | $495K | $452.5K | -8.6% |
| 4 Bedrooms | $555K | $675K | +21.6% |
| 5+ Bedrooms | - | $1.2M | N/A |
Summary: 56655 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36%, 2 bedroom homes increased by 14.5%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes did not change.
Housing Supply in 56655, MN
How many homes are available in 56655, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 25 | -7.4% |
Summary: The 56655 real estate market had 25 homes for sale in November 2024, a 7.4% 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 | 7 | 7 | 0.0% |
| 3 Bedrooms | 18 | 16 | -11.1% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56655 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 decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56655, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 56655 in November 2024, up by 75.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for 56655, MN
How long does it take to sell a home in 56655, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 47 Days | +25.5% |
Summary: Homes in 56655 had an average of 47 days on market in Nov 2024, up by 25.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 56655 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in 56655; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
