Is 56159, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 56159 is a seller's market

Buyer's
Market

Difference Since December 2020

At the same time last year, 56159 was a Neutral Market.

Key Takeaway

56159 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 56159, MN cost?

Median Sold Price

$126,000

$75/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$21,000(+20.0%)

Key Takeaway

Homes in 56159 have sold for 20% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $81K$71.2K
-12.0%
3 $70K$89.1K
+27.3%
4 $137.7K$180K
+30.7%
5+ -$240K
N/A

Median Sold Price Compared To Nearby Zip Codes

56101
+38.3%
56159
+20.0%

How many homes are available in 56159, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
53-40.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 11
0.0%
3 32
-33.3%
4 10
-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 56159, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
7 Days80 Days+1042.9%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was 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 56159 has remained consistent over time.

About 56159, MN

Homes for sale in 56159, MN have reached 3. In December 2021 in 56159, MN there were 40% less homes for sale than in November 2021. While the average time on the market in December 2021 was 80 days, the median list price was $126,000. Listing prices have changed in this real estate market between November 2021 and December 2021: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went down by 12%, prices of 3 bedrooms properties increased by 27.3%, the cost of 4 bedrooms properties went up by 30.7%, prices of 5 bedrooms properties increased by 0%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, number of 2 bedrooms homes remained the same, 3 bedrooms homes became 33.3% less available, 4 bedrooms homes became 100% less available, 5 bedrooms homes inventory did not change. 56159, 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.