Is 56324, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 56324 was a Neutral Market.
Housing Prices in 56324, MN
How much do homes in 56324, MN cost?
Median Sold Price
$285,000
$110/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in 56324 was $285,000 in April 2024, up 35.7% from last month, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $285K | N/A |
3 Bedrooms | - | $90K | N/A |
4 Bedrooms | $210K | $399.9K | +90.5% |
5+ Bedrooms | - | - | N/A |
Summary: 56324 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 90.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
56324 | $210K | $285K | +35.7% |
56309 | $209.9K | $254.2K | +21.1% |
56586 | $299K | $315K | +5.4% |
Housing Supply in 56324, MN
How many homes are available in 56324, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 8 | +33.3% |
Summary: The 56324 real estate market had 8 homes for sale in April 2024, a 33.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 3 | 4 | +33.3% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 56324 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 56324 in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 56324, MN
How long does it take to sell a home in 56324, MN?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
103 Days | 214 Days | +108.4% |
Summary: Homes in 56324 had an average of 214 days on market in Apr 2024, up by 108.4% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in 56324; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.