Is 56215, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 56215 was a Buyer's Market.
Housing Prices in 56215, MN
How much do homes in 56215, MN cost?
Median Sold Price
$167,900
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 56215 was $167,900 in March 2024, up 6.6% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $70K | $62.5K | -10.7% |
2 Bedrooms | $96.2K | $135K | +40.3% |
3 Bedrooms | $131K | $154.7K | +18.1% |
4 Bedrooms | $225K | $225K | 0.0% |
5+ Bedrooms | $273.2K | $235K | -14.0% |
Summary: 56215 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.7%, 2 bedroom homes increased by 40.3%, 3 bedroom homes increased by 18.1%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 14%.
Housing Supply in 56215, MN
How many homes are available in 56215, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 20 | 0.0% |
Summary: The 56215 real estate market had 20 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 10 | 10 | 0.0% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 56215 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 56215 in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for 56215, MN
How long does it take to sell a home in 56215, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 104 Days | +166.7% |
Summary: Homes in 56215 had an average of 104 days on market in Mar 2024, up by 166.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in 56215; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.