Is 56157, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 56157 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 56157 has remained a Seller's Market.

Key Takeaway

56157 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 56157, MN cost?

Median Sold Price

$87,500

$53/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

-$152,250(-63.5%)

Key Takeaway

Homes in 56157 have sold for 63.5% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 --
N/A
3 -$87.5K
N/A
4 $239.7K-
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Zip Codes

56239
+27.3%
56157
-63.5%

How many homes are available in 56157, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
42-50.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 11
0.0%
3 11
0.0%
4 20
-100.0%
5+ 00
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
21-50.0%

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 56157, 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%
28 Days18 Days-35.7%

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 56157 are selling fast, if you're buying plan to act quickly.

About 56157, MN

Homes for sale in 56157, MN have reached 2. The inventory of homes for sale in 56157, MN between November 2021 and December 2021 decreased by 50%. Listings spent 18 days on the market in December 2021, and had a median list price of $87,500 during the same period. 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%, 2 bedrooms properties became 0% more expensive, prices of 3 bedrooms properties went up by 0%, 4 bedrooms properties became 0% more expensive, the cost of 5 bedrooms properties went up by 0%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes remained the same, volume of 3 bedrooms homes stayed the same, the quantity of 4 bedrooms homes went down by 100%, 5 bedrooms homes inventory did not change. 56157, MN housing market in December 2021 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 1 sold below.