Is 56172, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 56172 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 56172 has remained a Buyer's Market.

Key Takeaway

56172 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 56172, MN cost?

Median Sold Price

$305,000

$529/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

+$15,000(+5.2%)

Key Takeaway

Homes in 56172 have sold for 5.2% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 -$305K
N/A
2 $290K-
N/A
3 --
N/A
4 --
N/A
5+ --
N/A

How many homes are available in 56172, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
11110.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 11
0.0%
2 21
-50.0%
3 78
+14.3%
4 00
0.0%
5+ 11
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 56172, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Dec 2021%
253 Days6 Days-97.6%

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 56172 are selling fast, if you're buying plan to act quickly.

About 56172, MN

There are 11 homes are for sale in 56172, MN real estate market. The median list price of listings available in December 2021 was $305,000, while the average time on the real estate market was 6 days. Between December 2020 and December 2021, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 0%, the cost of 3 bedrooms properties went up by 0%, 4 bedrooms properties became 0% more expensive, 5 bedrooms properties prices increased 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, the quantity of 2 bedrooms homes went down by 50%, volume of 3 bedrooms homes went up by 14.3%, the quantity of 4 bedrooms homes have not changed, volume of 5 bedrooms homes stayed the same. In December 2021 more than 1 listings in 56172, MN were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 0 were sold below.