Is 56156, 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, 56156 was a Seller's Market.
Housing Prices in 56156, MN
How much do homes in 56156, MN cost?
Median Sold Price
$179,450
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 56156 was $179,450 in April 2024, down 3% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60.9K | - | N/A |
2 Bedrooms | $163.7K | $98.3K | -39.9% |
3 Bedrooms | $183.2K | $174.9K | -4.5% |
4 Bedrooms | $200K | $230K | +15.0% |
5+ Bedrooms | $293K | - | N/A |
Summary: 56156 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 39.9%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 15%, and 5+ bedroom homes did not change.
Housing Supply in 56156, MN
How many homes are available in 56156, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 41 | +86.4% |
Summary: The 56156 real estate market had 41 homes for sale in April 2024, a 86.4% 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 | 3 | 3 | 0.0% |
3 Bedrooms | 11 | 20 | +81.8% |
4 Bedrooms | 3 | 11 | +266.7% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 56156 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 remained the same, 3 bedroom homes increased by 81.8%, 4 bedroom homes increased by 266.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 56156 in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for 56156, MN
How long does it take to sell a home in 56156, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
73 Days | 63 Days | -13.9% |
Summary: Homes in 56156 had an average of 63 days on market in Apr 2024, down by 13.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in 56156; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.