Is 56253, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 56253 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 56253 has remained a Seller's Market.

Key Takeaway

56253 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 56253, MN cost?

Median Sold Price

$80,000

$51/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

-$92,700(-53.7%)

Key Takeaway

Homes in 56253 have sold for 53.7% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 --
N/A
3 $172.7K$80K
-53.7%
4 --
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Zip Codes

56251
+51.4%
56209
-52.3%
56253
-53.7%

How many homes are available in 56253, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
75-28.6%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 11
0.0%
3 64
-33.3%
4 00
0.0%
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 56253, 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%
60 Days64 Days+5.8%

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 56253 has remained consistent over time.

About 56253, MN

56253, MN has 5 homes on the market. In December 2021 in 56253, MN there were 28.6% less homes for sale than in November 2021. Listings spent 64 days on the market in December 2021, and had a median list price of $80,000 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, prices of 3 bedrooms properties went down by 53.7%, 4 bedrooms properties prices increased by 0%, 5 bedrooms properties prices increased by 0%. This housing market inventory have changed: 1 bedroom homes did not move, 2 bedrooms homes did not move, volume of 3 bedrooms homes went down by 33.3%, volume of 4 bedrooms homes stayed the same, volume of 5 bedrooms homes stayed the same. In December 2021 more than 0 listings in 56253, MN were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below.