Is 56334, 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, 56334 was a Seller's Market.
Key Takeaway
56334 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
How much do homes in 56334, MN cost?
Median Sold Price
$250,500
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
+$13,550(+5.7%)
Key Takeaway
Homes in 56334 have sold for 5.7% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | $173K | $45K | -74.0% |
| 2 Bedrooms | $256K | $255K | -0.4% |
| 3 Bedrooms | $188K | $228K | +21.3% |
| 4 Bedrooms | $276K | $256K | -7.2% |
| 5+ Bedrooms | $367.5K | $335K | -8.8% |
How many homes are available in 56334, MN?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 9 | 13 | +44.4% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56334, 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 | % |
|---|---|---|
| 40 Days | 11 Days | -72.8% |
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
Key Takeaway
Many homes in 56334 are selling fast, if you're buying plan to act quickly.
