Is 56171, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 56171 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 56171 has remained a Seller's Market.

Key Takeaway

56171 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 56171, MN cost?

Median Sold Price

$209,500

$71/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

-$19,750(-8.6%)

Key Takeaway

Homes in 56171 have sold for 8.6% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 $73.5K-
N/A
3 -$170K
N/A
4 -$249K
N/A
5+ $385K-
N/A

Median Sold Price Compared To Nearby Zip Codes

56176
+285.7%
56127
+87.5%
56171
-8.6%

How many homes are available in 56171, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
880.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 11
0.0%
3 33
0.0%
4 34
+33.3%
5+ 10
-100.0%

Number of Homes Sold

Nov 2021Dec 2021%
220.0%

Asking Price vs. Sold Price

2 Homes Were 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 56171, 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%
56 Days23 Days-58.9%

Breakdown of Home Sale Times

1 Home Was 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

Many homes in 56171 are selling fast, if you're buying plan to act quickly.

About 56171, MN

Number of homes for sale in 56171, MN real estate market have reached 8. Listings spent 23 days on the market in December 2021, and had a median list price of $209,500 during the same period. Real estate listing prices changed between December 2020 and December 2021: 1 bedroom properties prices increased by 0%, 2 bedrooms properties became 0% more expensive, 3 bedrooms properties prices increased by 0%, prices of 4 bedrooms properties went up by 0%, 5 bedrooms properties became 0% more expensive. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes did not move, volume of 3 bedrooms homes stayed the same, volume of 4 bedrooms homes went up by 33.3%, the quantity of 5 bedrooms homes went down by 100%. In December 2021 more than 0 listings in 56171, MN were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 2 were sold below.