Is 56093, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 56093 was a Buyer's Market.
Housing Prices in 56093, MN
How much do homes in 56093, MN cost?
Median Sold Price
$244,700
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 56093 was $244,700 in April 2024, up 20.2% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $168K | $87K | -48.2% |
2 Bedrooms | $171K | $158K | -7.6% |
3 Bedrooms | $200K | $240K | +20.0% |
4 Bedrooms | $247K | $275K | +11.3% |
5+ Bedrooms | $345K | $310K | -10.1% |
Summary: 56093 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.2%, 2 bedroom homes decreased by 7.6%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes decreased by 10.1%.
Median Sold Price Compared To Nearby Zip Codes
56093 | $203.5K | $244.7K | +20.2% |
56096 | $272.5K | $275K | +0.9% |
56048 | $265K | $261.5K | -1.3% |
Housing Supply in 56093, MN
How many homes are available in 56093, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 41 | +13.9% |
Summary: The 56093 real estate market had 41 homes for sale in April 2024, a 13.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 13 | +62.5% |
3 Bedrooms | 13 | 13 | 0.0% |
4 Bedrooms | 13 | 11 | -15.4% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The 56093 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 62.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 10 | +66.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 56093 in April 2024, up by 66.7% month-over-month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for 56093, MN
How long does it take to sell a home in 56093, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 37 Days | +122.9% |
Summary: Homes in 56093 had an average of 37 days on market in Apr 2024, up by 122.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in 56093; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.