Is 56339, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 56339 was a Seller's Market.
Housing Prices in 56339, MN
How much do homes in 56339, MN cost?
Median Sold Price
$190,900
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 56339 was $190,900 in April 2024, up 15.7% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $122.5K | $160.5K | +31.1% |
3 Bedrooms | $147.4K | $190.9K | +29.4% |
4 Bedrooms | $216K | $287.5K | +33.1% |
5+ Bedrooms | $175K | $220.4K | +26.0% |
Summary: 56339 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 31.1%, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 33.1%, and 5+ bedroom homes increased by 26%.
Housing Supply in 56339, MN
How many homes are available in 56339, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 10 | +100.0% |
Summary: The 56339 real estate market had 10 homes for sale in April 2024, a 100.0% 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 | 0 | 4 | +100.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 56339 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in 56339 in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 56339, MN
How long does it take to sell a home in 56339, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 104 Days | +700.0% |
Summary: Homes in 56339 had an average of 104 days on market in Apr 2024, up by 700% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in 56339; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.