Is 56368, 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, 56368 was a Neutral Market.
Key Takeaway
56368 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in 56368, MN cost?
Median Sold Price
$340,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
+$40,000(+13.3%)
Key Takeaway
Homes in 56368 have sold for 13.3% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | $106.9K | $134.9K | +26.2% |
| 2 Bedrooms | $274.9K | $250K | -9.1% |
| 3 Bedrooms | $305K | $405K | +32.8% |
| 4 Bedrooms | $345K | $455K | +31.9% |
| 5+ Bedrooms | $578.7K | $370K | -36.1% |
How many homes are available in 56368, MN?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 10 | 11 | +10.0% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
4 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 56368, 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 | % |
|---|---|---|
| 3 Days | 32 Days | +991.7% |
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56368 are selling fast, if you're buying plan to act quickly.
