Is 56279, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 56279 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 56279 has remained a Seller's Market.

Key Takeaway

56279 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 56279, MN cost?

Median Sold Price

$224,900

$96/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

-$405,100(-64.3%)

Key Takeaway

Homes in 56279 have sold for 64.3% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 --
N/A
3 --
N/A
4 --
N/A
5+ $630K$224.9K
-64.3%

How many homes are available in 56279, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
32-33.3%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 00
0.0%
3 11
0.0%
4 00
0.0%
5+ 21
-50.0%

Number of Homes Sold

Nov 2021Dec 2021%
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 56279, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Average Sale Time

Nov 2021Dec 2021%
168 Days11 Days-93.5%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 56279 are selling fast, if you're buying plan to act quickly.

About 56279, MN

Homes for sale in 56279, MN have reached 2. The number of listings in 56279, MN decreased by 33.3% between November 2021 and December 2021. Listings spent 11 days on the market in December 2021, and had a median list price of $224,900 during the same period. Real estate listing prices changed between December 2020 and December 2021: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 0%, 3 bedrooms properties prices increased by 0%, 4 bedrooms properties prices increased by 0%, the cost of 5 bedrooms properties went down by 64.3%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, 2 bedrooms homes did not move, 3 bedrooms homes did not move, number of 4 bedrooms homes remained the same, volume of 5 bedrooms homes went down by 50%. Over 0 listings were sold over their listed price in December 2021 in 56279, MN. In the same period over 0 listings were sold below the listed price and 1 listings were sold for the listed price.