March 2024

56277 Housing Market Report Olivia, Renville County, Minnesota

Report Updated 27 Days Ago

Housing Prices in 56277, MN

How much do homes in 56277, MN cost?

Median List Price

$185,000

$120/sqft

Based on all homes listed in the last 12 months.

Difference Since March 2023

+$26,000(+16.4%)

Key Takeaway

The list price of homes in 56277 has increased by 16.4% since last year.

Summary: The median home list price in 56277 was $185,000 in March 2024, up 16.4% from the previous year, and the median price per square foot was $120.

Median List Price By Bedroom Count

# BEDS# BEDROOMS	Mar 2023	Mar 2024	CHANGE
1 Bedroom	-	-	N/A
2 Bedrooms	$135K	$167.5K	+24.1%
3 Bedrooms	$147K	$177.4K	+20.7%
4 Bedrooms	$219.9K	$219.9K	0.0%
5+ Bedrooms	$394.9K	$260K	-34.2%

Summary: 56277 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.1%, 3 bedroom homes increased by 20.7%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 34.2%.

Median List Price Compared To Nearby Zip Codes

ZIP	Mar 2023	Mar 2024	CHANGE
56216	$137.4K	$189.8K	+38.2%
56230	$124.9K	$162.9K	+30.4%
55310	$130K	$169.4K	+30.3%
56277	$159K	$185K	+16.4%

Housing Supply in 56277, MN

How many homes are available in 56277, MN?

Number of Homes For Sale

Feb 2024	Mar 2024	CHANGE
9	10	+11.1%

Summary: The 56277 real estate market had 10 homes for sale in March 2024, a 11.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDS# BEDROOMS	Feb 2024	Mar 2024	CHANGE
1 Bedroom	0	0	0.0%
2 Bedrooms	3	4	+33.3%
3 Bedrooms	4	4	0.0%
4 Bedrooms	2	2	0.0%
5+ Bedrooms	0	0	0.0%

Summary: The 56277 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 increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Days on Market for 56277, MN

How long does it take to sell a home in 56277, MN?

Average Listing Age

Mar 2023	Mar 2024	CHANGE
136 Days	70 Days	-48.6%

Summary: Homes in 56277 had an average listing age of 70 days in Mar 2024, down by 48.6% compared to the previous year.

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

Report Updated 27 Days Ago

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Newest Listings in 56277, MN

Nearby Markets to 56277, MN

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Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc. for the period 04/01/2022 - 04/01/2024

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Last updated on: 4/28/2024, 12:52:14 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.