Is 56072, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 56072 is a seller's market

Buyer's
Market

Difference Since December 2020

At the same time last year, 56072 was a Neutral Market.

Key Takeaway

56072 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 56072, MN cost?

Median Sold Price

$148,000

$96/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$22,000(+17.5%)

Key Takeaway

Homes in 56072 have sold for 17.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $125K$117.5K
-6.0%
3 $125K$137.5K
+10.0%
4 $137K$199K
+45.2%
5+ $295K$207.5K
-29.7%

Median Sold Price Compared To Nearby Zip Codes

56093
+33.2%
56072
+17.5%

How many homes are available in 56072, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
94-55.6%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 22
0.0%
3 22
0.0%
4 50
-100.0%
5+ 00
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
61-83.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 56072, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Average Sale Time

Dec 2020Dec 2021%
222 Days39 Days-82.4%

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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 56072 has remained consistent over time.

About 56072, MN

There are 4 homes are for sale in 56072, MN real estate market. The inventory of homes for sale in 56072, MN between November 2021 and December 2021 decreased by 55.6%. While the average time on the market in December 2021 was 39 days, the median list price was $148,000. Listing prices have changed in this real estate market between November 2021 and December 2021: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties went down by 6%, prices of 3 bedrooms properties went up by 10%, 4 bedrooms properties prices increased by 45.2%, prices of 5 bedrooms properties went down by 29.7%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes did not move, 4 bedrooms homes became 100% less available, number of 5 bedrooms homes remained the same. 56072, MN housing market in December 2021 saw over 0 listings sold above listed price, more than 1 sold at listed price and over 0 sold below.