Is 56386, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 56386 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 56386 was a Neutral Market.

Key Takeaway

56386 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 56386, MN cost?

Median Sold Price

$665,400

$300/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

+$80,398(+13.7%)

Key Takeaway

Homes in 56386 have sold for 13.7% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 -$360K
N/A
3 $590.1K$1.5M
+155.0%
4 $387.3K-
N/A
5+ -$644.7K
N/A

How many homes are available in 56386, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
2529+16.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 33
0.0%
3 1217
+41.7%
4 65
-16.7%
5+ 44
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
45+25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 56386, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Average Sale Time

Nov 2021Dec 2021%
133 Days1 Days-98.6%

Breakdown of Home Sale Times

5 Homes Were 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 56386 are selling fast, if you're buying plan to act quickly.

About 56386, MN

Number of homes for sale in 56386, MN real estate market have reached 29. The number of homes for sale in 56386, MN increased by 16% between November 2021 and December 2021. The median list price of listings available in December 2021 was $665,400, while the average time on the real estate market was 1 days. Real estate listing prices changed between December 2020 and December 2021: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties prices increased by 0%, prices of 3 bedrooms properties increased by 155%, the cost of 4 bedrooms properties went up by 0%, prices of 5 bedrooms properties went up by 0%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes have not changed, number of 3 bedrooms homes increased by 41.7%, number of 4 bedrooms homes decreased by 16.7%, 5 bedrooms homes did not move. 56386, MN housing market in December 2021 saw over 1 listings sold above listed price, more than 3 sold at listed price and over 1 sold below.