Is 56277, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2022
Since last year, 56277 has remained a Seller's Market.
Key Takeaway
56277 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in 56277, MN cost?
Median Sold Price
$158,500
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
+$6,000(+3.9%)
Key Takeaway
Homes in 56277 have sold for 3.9% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $137.5K | $131K | -4.7% |
| 3 Bedrooms | $140K | $138.2K | -1.3% |
| 4 Bedrooms | $170K | $218K | +28.2% |
| 5+ Bedrooms | $240K | $375K | +56.3% |
How many homes are available in 56277, MN?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 12 | 9 | -25.0% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 56277, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Average Sale Time
| Feb 2022 | Feb 2023 | % |
|---|---|---|
| 55 Days | 60 Days | +8.1% |
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 56277 has remained consistent over time.
