Is 56362, 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, 56362 was a Seller's Market.
Housing Prices in 56362, MN
How much do homes in 56362, MN cost?
Median Sold Price
$287,500
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 56362 was $287,500 in April 2024, up 23.8% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $325K | - | N/A |
2 Bedrooms | $202.5K | $250K | +23.5% |
3 Bedrooms | $214.9K | $290K | +34.9% |
4 Bedrooms | $239.7K | $279.4K | +16.6% |
5+ Bedrooms | $255K | $312K | +22.4% |
Summary: 56362 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 23.5%, 3 bedroom homes increased by 34.9%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes increased by 22.4%.
Median Sold Price Compared To Nearby Zip Codes
56362 | $232.2K | $287.5K | +23.8% |
55329 | $244.9K | $270K | +10.2% |
56368 | $313.7K | $337K | +7.4% |
Housing Supply in 56362, MN
How many homes are available in 56362, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 24 | +118.2% |
Summary: The 56362 real estate market had 24 homes for sale in April 2024, a 118.2% 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 | 2 | 4 | +100.0% |
3 Bedrooms | 6 | 16 | +166.7% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 56362 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 166.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 1 | +100.0% |
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 56362 in April 2024, up by 100.0% 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 56362, MN
How long does it take to sell a home in 56362, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 16 Days | -61.9% |
Summary: Homes in 56362 had an average of 16 days on market in Apr 2024, down by 61.9% compared to last year.
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
Summary: During April 2024, 1 homes were sold in 56362; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.