Is 56036, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 56036 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 56036 has remained a Seller's Market.

Key Takeaway

56036 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 56036, MN cost?

Median Sold Price

$160,000

$82/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$63,500(+65.8%)

Key Takeaway

Homes in 56036 have sold for 65.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $125K-
N/A
3 $74K$160K
+116.2%
4 $135K$150K
+11.1%
5+ -$175K
N/A

Median Sold Price Compared To Nearby Zip Codes

56036
+65.8%
56007
+11.4%

How many homes are available in 56036, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
45+25.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 11
0.0%
3 11
0.0%
4 22
0.0%
5+ 01
+100.0%

Number of Homes Sold

Nov 2021Dec 2021%
01+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 56036, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
76 Days15 Days-80.3%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 56036 are selling fast, if you're buying plan to act quickly.

About 56036, MN

Number of homes for sale in 56036, MN real estate market have reached 5. Between November 2021 and December 2021, 56036, MN real estate market has seen increase in the number of listings by 25%. The median list price of listings available in December 2021 was $160,000, while the average time on the real estate market was 15 days. Real estate listing prices changed between November 2021 and December 2021: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went up by 0%, prices of 3 bedrooms properties went up by 116.2%, 4 bedrooms properties became 11.1% more expensive, 5 bedrooms properties prices increased by 0%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory did not change, number of 3 bedrooms homes remained the same, the quantity of 4 bedrooms homes have not changed, the quantity of 5 bedrooms homes went up by 100%. Over 1 listings were sold over their listed price in December 2021 in 56036, MN. In the same period over 0 listings were sold below the listed price and 0 listings were sold for the listed price.