Is 56097, 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, 56097 was a Seller's Market.
Housing Prices in 56097, MN
How much do homes in 56097, MN cost?
Median Sold Price
$134,750
$73/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 56097 was $134,750 in April 2024, up 6.1% from last year, and the median price per square foot was $73.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $6K | $105K | +1650.0% |
2 Bedrooms | $125K | $101.2K | -19.0% |
3 Bedrooms | $144.7K | $114.9K | -20.6% |
4 Bedrooms | $171.3K | $180.5K | +5.3% |
5+ Bedrooms | $64K | $300K | +368.8% |
Summary: 56097 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1650%, 2 bedroom homes decreased by 19%, 3 bedroom homes decreased by 20.6%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 368.8%.
Housing Supply in 56097, MN
How many homes are available in 56097, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 12 | +9.1% |
Summary: The 56097 real estate market had 12 homes for sale in April 2024, a 9.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 56097 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 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in 56097 in April 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 56097, MN
How long does it take to sell a home in 56097, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
90 Days | 22 Days | -75.7% |
Summary: Homes in 56097 had an average of 22 days on market in Apr 2024, down by 75.7% compared to last year.
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
Summary: During April 2024, 1 homes were sold in 56097; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.