$4,453 Closing Credit*
$375,000
1,792 SqFt
3 Beds
•2 Full Baths
Listing Office: Woods to Water Real Estate
Is 56672, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 56672 was a Buyer's Market.
Key Takeaway
56672 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56672, MN
How much do homes in 56672, MN cost?
Median Sold Price
$400,000
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$99,250(+33.0%)
Key Takeaway
Homes in 56672 have sold for 33% more than they did a year ago.
Summary: The median home sold price in 56672 was $400,000 in November 2024, up 33% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $291.2K | +5.9% |
| 2 Bedrooms | $309K | $485K | +57.0% |
| 3 Bedrooms | $329.9K | $375K | +13.7% |
| 4 Bedrooms | $300K | $650K | +116.7% |
| 5+ Bedrooms | $1.1M | - | N/A |
Summary: 56672 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 57%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 116.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 56672 | $300.7K | $400K | +33.0% |
| 56655 | $372.5K | $452.5K | +21.5% |
Housing Supply in 56672, MN
How many homes are available in 56672, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 26 | -3.7% |
Summary: The 56672 real estate market had 26 homes for sale in November 2024, a 3.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 56672 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 12.5%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56672, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 56672 in November 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for 56672, MN
How long does it take to sell a home in 56672, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 1 Day | 51 Days | +5080.0% |
Summary: Homes in 56672 had an average of 51 days on market in Nov 2024, up by 5080% compared to last year.
Breakdown of Home Sale Times
3 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 56672 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in 56672; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
