Is 56144, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 56144 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 56144 has remained a Seller's Market.

Key Takeaway

56144 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 56144, MN cost?

Median Sold Price

$82,500

$62/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

-$67,400(-45.0%)

Key Takeaway

Homes in 56144 have sold for 45% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 -$82.5K
N/A
3 $149.9K$124.9K
-16.7%
4 -$75K
N/A
5+ --
N/A

How many homes are available in 56144, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
550.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 12
+100.0%
3 32
-33.3%
4 11
0.0%
5+ 00
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 56144, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Average Sale Time

Nov 2021Dec 2021%
5 Days57 Days+1046.7%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were 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 56144 has remained consistent over time.

About 56144, MN

Number of homes for sale in 56144, MN real estate market have reached 5. The median list price of listings available in December 2021 was $82,500, while the average time on the real estate market was 57 days. From December 2020 through December 2021, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties went up by 0%, the cost of 3 bedrooms properties went down by 16.7%, prices of 4 bedrooms properties increased by 0%, prices of 5 bedrooms properties increased by 0%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes went up by 100%, 3 bedrooms homes inventory decreased by 33.3%, the quantity of 4 bedrooms homes have not changed, 5 bedrooms homes inventory did not change. In December 2021 more than 0 listings in 56144, MN were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 1 were sold below.