Is 56385, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 56385 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 56385 has remained a Seller's Market.

Key Takeaway

56385 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 56385, MN cost?

Median Sold Price

$395,000

$542/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

+$222,550(+129.1%)

Key Takeaway

Homes in 56385 have sold for 129.1% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 $119K$395K
+231.9%
3 --
N/A
4 --
N/A
5+ $225.9K-
N/A

How many homes are available in 56385, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
42-50.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 32
-33.3%
3 00
0.0%
4 00
0.0%
5+ 10
-100.0%

Number of Homes Sold

Nov 2021Dec 2021%
21-50.0%

Asking Price vs. Sold Price

1 Home Was 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 56385, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Dec 2021%
18 Days28 Days+51.4%

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 56385 are selling fast, if you're buying plan to act quickly.

About 56385, MN

Number of homes for sale in 56385, MN real estate market have reached 2. The inventory of homes for sale in 56385, MN between November 2021 and December 2021 decreased by 50%. In December 2021 median list price was $395,000 and the average listing age was 28 days. Between December 2020 and December 2021, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, 2 bedrooms properties prices increased by 231.9%, prices of 3 bedrooms properties went up by 0%, 4 bedrooms properties prices increased by 0%, prices of 5 bedrooms properties went up by 0%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, 2 bedrooms homes inventory decreased by 33.3%, 3 bedrooms homes did not move, the quantity of 4 bedrooms homes have not changed, number of 5 bedrooms homes decreased by 100%. Over 0 listings were sold over their listed price in December 2021 in 56385, MN. In the same period over 1 listings were sold below the listed price and 0 listings were sold for the listed price.