Is 56368, MN a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing 56368 is a seller'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



Based on all homes sold in the last 12 months.

Difference Since February 2022


Key Takeaway

Homes in 56368 have sold for 13.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $106.9K$134.9K
2 $274.9K$250K
3 $305K$405K
4 $345K$455K
5+ $578.7K$370K

How many homes are available in 56368, MN?

Number of Homes For Sale

Jan 2023Feb 2023%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 11
2 33
3 33
4 34
5+ 00

Number of Homes Sold

Jan 2023Feb 2023%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2022Feb 2023%
3 Days32 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 56368 are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 56368, MN

56368, MN has 11 homes on the market. The number of homes for sale in 56368, MN increased by 10% between January 2023 and February 2023. The median list price of listings available in February 2023 was $340,000, while the average time on the real estate market was 32 days. Between January 2023 and February 2023, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 26.2%, 2 bedrooms properties became 9.1% more cheaper, prices of 3 bedrooms properties went up by 32.8%, prices of 4 bedrooms properties increased by 31.9%, 5 bedrooms properties became 36.1% more cheaper. This housing market inventory have changed: 1 bedroom homes inventory did not change, 2 bedrooms homes did not move, 3 bedrooms homes inventory did not change, 4 bedrooms homes became 33.3% more available, volume of 5 bedrooms homes stayed the same. In February 2023 more than 0 listings in 56368, MN were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 4 were sold below.