$5,224 Closing Credit*
$439,900
864 SqFt
2 Beds
•1 Full Bath
Listing Office: Heartland Real Estate
Is 56655, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 56655 was a Seller's Market.
Key Takeaway
56655 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 56655, MN
How much do homes in 56655, MN cost?
Median Sold Price
$362,500
$252/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$22,450(-5.8%)
Key Takeaway
Homes in 56655 have sold for 5.8% less than they did a month ago.
Summary: The median home sold price in 56655 was $362,500 in October 2024, down 5.8% from last month, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $341.2K | $395K | +15.8% |
| 3 Bedrooms | $284.9K | $277.4K | -2.6% |
| 4 Bedrooms | $770K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 56655 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.8%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 56452 | $325K | $666K | +104.9% |
| 56655 | $384.9K | $362.5K | -5.8% |
Housing Supply in 56655, MN
How many homes are available in 56655, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Summary: The 56655 real estate market had 28 homes for sale in October 2024, a 7.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 13 | 17 | +30.8% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56655 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 30.8%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
3 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 56655, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 56655 in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 46 Days | +115.8% |
Summary: Homes in 56655 had an average of 46 days on market in Oct 2024, up by 115.8% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was 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 October 2024, 4 homes were sold in 56655; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
