Is 56307, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2022
At the same time last year, 56307 was a Neutral Market.
Key Takeaway
56307 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in 56307, MN cost?
Median Sold Price
$255,900
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
+$60,900(+31.2%)
Key Takeaway
Homes in 56307 have sold for 31.2% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $154.5K | $207.2K | +34.1% |
| 3 Bedrooms | $195K | $214.9K | +10.2% |
| 4 Bedrooms | $222.4K | $269K | +20.9% |
| 5+ Bedrooms | $231.4K | $485K | +109.5% |
Median Sold Price Compared To Nearby Zip Codes
| 56307 | $195K | $255.9K | +31.2% |
| 56368 | $300K | $340K | +13.3% |
| 56310 | $297.7K | $329.9K | +10.8% |
How many homes are available in 56307, MN?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 8 | 4 | -50.0% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 3 | -50.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56307, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Average Sale Time
| Feb 2022 | Feb 2023 | % |
|---|---|---|
| 14 Days | 16 Days | +17.9% |
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56307 are selling fast, if you're buying plan to act quickly.
