Is 56378, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 56378 is a neutral's market

Buyer's
Market

Difference Since December 2020

At the same time last year, 56378 was a Seller's Market.

Key Takeaway

56378 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in 56378, MN cost?

Median Sold Price

$239,450

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$32,950(+16.0%)

Key Takeaway

Homes in 56378 have sold for 16% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 -$168.5K
N/A
2 $141.3K$224K
+58.5%
3 $180K$194.9K
+8.3%
4 $230K$276K
+20.0%
5+ $302.4K$379.5K
+25.5%

Median Sold Price Compared To Nearby Zip Codes

56336
+36.3%
56378
+16.0%
56360
+1.7%

How many homes are available in 56378, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
2313-43.5%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 44
0.0%
3 103
-70.0%
4 52
-60.0%
5+ 44
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
122-83.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 56378, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
32 Days43 Days+31.4%

Breakdown of Home Sale Times

1 Home Was 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 56378 are selling fast, if you're buying plan to act quickly.

About 56378, MN

56378, MN has 13 homes for sale to choose from. In December 2021 in 56378, MN there were 43.5% less homes for sale than in November 2021. The median list price of listings available in December 2021 was $239,450, while the average time on the real estate market was 43 days. Real estate listing prices changed between November 2021 and December 2021: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went up by 58.5%, the cost of 3 bedrooms properties went up by 8.3%, 4 bedrooms properties became 20% more expensive, 5 bedrooms properties prices increased by 25.5%. This housing market inventory have changed: number of 1 bedroom homes remained the same, 2 bedrooms homes did not move, volume of 3 bedrooms homes went down by 70%, 4 bedrooms homes became 60% less available, 5 bedrooms homes did not move. In December 2021, from all listings sold in 56378, MN there were more than 1 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price.