Is 56081, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 56081 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 56081 has remained a Seller's Market.

Key Takeaway

56081 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 56081, MN cost?

Median Sold Price

$163,000

$115/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

+$28,000(+20.7%)

Key Takeaway

Homes in 56081 have sold for 20.7% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 --
N/A
3 $135K$163K
+20.7%
4 --
N/A
5+ --
N/A

How many homes are available in 56081, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
32-33.3%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 00
0.0%
3 32
-33.3%
4 00
0.0%
5+ 00
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 56081, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Dec 2021%
17 Days23 Days+35.3%

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 56081 are selling fast, if you're buying plan to act quickly.

About 56081, MN

Number of homes for sale in 56081, MN real estate market have reached 2. Between November 2021 and December 2021, 56081, MN real estate market has seen decrease in the number of listings by 33.3%. In December 2021 median list price was $163,000 and the average listing age was 23 days. This housing market listing prices have changed between December 2020 and December 2021: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 0% more expensive, prices of 3 bedrooms properties went up by 20.7%, the cost of 4 bedrooms properties went up by 0%, 5 bedrooms properties became 0% more expensive. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory did not change, the quantity of 3 bedrooms homes went down by 33.3%, number of 4 bedrooms homes remained the same, 5 bedrooms homes did not move. Over 0 listings were sold over their listed price in December 2021 in 56081, MN. In the same period over 1 listings were sold below the listed price and 0 listings were sold for the listed price.