Is 56379, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 56379 has remained a Seller's Market.
Housing Prices in 56379, MN
How much do homes in 56379, MN cost?
Median Sold Price
$283,250
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 56379 was $283,250 in March 2024, up 6.9% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $98.5K | - | N/A |
2 Bedrooms | $197.9K | $250K | +26.3% |
3 Bedrooms | $255K | $280K | +9.8% |
4 Bedrooms | $273.5K | $295K | +7.9% |
5+ Bedrooms | $343.9K | $331K | -3.8% |
Summary: 56379 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes decreased by 3.8%.
Housing Supply in 56379, MN
How many homes are available in 56379, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 46 | +39.4% |
Summary: The 56379 real estate market had 46 homes for sale in March 2024, a 39.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 9 | 17 | +88.9% |
4 Bedrooms | 16 | 17 | +6.3% |
5+ Bedrooms | 2 | 7 | +250.0% |
Summary: The 56379 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 88.9%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 250%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 56379 in March 2024, up by 12.5% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for 56379, MN
How long does it take to sell a home in 56379, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 33 Days | -18.7% |
Summary: Homes in 56379 had an average of 33 days on market in Mar 2024, down by 18.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in 56379; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.