February 2023

56241 Housing Market ReportGranite Falls, Yellow Medicine County, Minnesota

Report Updated 22 Days Ago

How much do homes in 56241, MN cost?

Median List Price

$160,000

$84/sqft

Based on all homes listed in the last 12 months.

Difference Since February 2022

+$25,000(+18.5%)

Key Takeaway

The list price of homes in 56241 has increased by 18.5% since last year.

Median List Price By Bedroom Count

# BEDS	Feb 2022	Feb 2023	%
1 Bedroom	$69K	$48.5K	-29.7%
2 Bedrooms	$73.8K	$84.9K	+15.0%
3 Bedrooms	$135K	$149.9K	+11.1%
4 Bedrooms	$169K	$185K	+9.5%
5+ Bedrooms	$249K	$217.4K	-12.7%

Median List Price Compared To Nearby Zip Codes

	Feb 2022	Feb 2023	%
56285	$89.9K	$120K	+33.5%
56241	$135K	$160K	+18.5%
56223	$112K	$129.9K	+16.0%

How many homes are available in 56241, MN?

Number of Homes For Sale

Jan 2023	Feb 2023	%
7	9	+28.6%

Homes For Sale By Bedroom Count

# BEDS	Jan 2023	Feb 2023	%
1 Bedroom	0	0	0.0%
2 Bedrooms	2	2	0.0%
3 Bedrooms	2	3	+50.0%
4 Bedrooms	3	4	+33.3%
5+ Bedrooms	0	0	0.0%

Average Listing Age

Feb 2022	Feb 2023	%
156 Days	113 Days	-27.6%

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

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About 56241, MN

Number of homes for sale in 56241, MN real estate market have reached 9. The inventory of homes for sale in 56241, MN between January 2023 and February 2023 increased by 28.6%. While the average time on the market in February 2023 was 113 days, the median list price was $160,000. Between January 2023 and February 2023, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties decreased by 29.7%, the cost of 2 bedrooms properties went up by 15%, prices of 3 bedrooms properties went up by 11.1%, the cost of 4 bedrooms properties went up by 9.5%, prices of 5 bedrooms properties decreased by 12.7%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, 2 bedrooms homes inventory did not change, 3 bedrooms homes inventory increased by 50%, 4 bedrooms homes became 33.3% more available, volume of 5 bedrooms homes stayed the same.

MLS Disclaimers and Copyright

Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc. for the period 03/01/2021 - 03/01/2023

Copyright © 2023 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

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Last updated on: 3/23/2023, 12:52:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.