March 2024

56386 Housing Market Report Wahkon, Mille Lacs County, Minnesota

Report Updated 28 Days Ago

Housing Prices in 56386, MN

How much do homes in 56386, MN cost?

Median List Price

$399,900

$216/sqft

Based on all homes listed in the last 12 months.

Difference Since March 2023

-$240,572(-37.6%)

Key Takeaway

The list price of homes in 56386 has decreased by 37.6% since last year.

Summary: The median home list price in 56386 was $399,900 in March 2024, down 37.6% from the previous year, and the median price per square foot was $216.

Median List Price By Bedroom Count

# BEDS# BEDROOMS	Mar 2023	Mar 2024	CHANGE
1 Bedroom	-	$465K	N/A
2 Bedrooms	$309.9K	$399.9K	+29.0%
3 Bedrooms	$683K	$329K	-51.8%
4 Bedrooms	$863.1K	$400K	-53.7%
5+ Bedrooms	$807.5K	$879.5K	+8.9%

Summary: 56386 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 29%, 3 bedroom homes decreased by 51.8%, 4 bedroom homes decreased by 53.7%, and 5+ bedroom homes increased by 8.9%.

Median List Price Compared To Nearby Zip Codes

ZIP	Mar 2023	Mar 2024	CHANGE
55051	$249.9K	$273.4K	+9.4%
56359	$249.9K	$249.4K	-0.2%
56342	$299.9K	$269.4K	-10.2%
56386	$640.4K	$399.9K	-37.6%

Housing Supply in 56386, MN

How many homes are available in 56386, MN?

Number of Homes For Sale

Feb 2024	Mar 2024	CHANGE
6	6	0.0%

Summary: The 56386 real estate market had 6 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDS# BEDROOMS	Feb 2024	Mar 2024	CHANGE
1 Bedroom	0	0	0.0%
2 Bedrooms	1	1	0.0%
3 Bedrooms	3	3	0.0%
4 Bedrooms	2	2	0.0%
5+ Bedrooms	0	0	0.0%

Summary: The 56386 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Days on Market for 56386, MN

How long does it take to sell a home in 56386, MN?

Average Listing Age

Mar 2023	Mar 2024	CHANGE
414 Days	125 Days	-69.7%

Summary: Homes in 56386 had an average listing age of 125 days in Mar 2024, down by 69.7% compared to the previous year.

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

Report Updated 28 Days Ago

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Newest Listings in 56386, MN

What homes are available in 56386, MN?

See More Listings

$174,999

$2,078 Closing Credit

1,280 SqFt

40982 45th Ave, Wahkon MN, 56386

Listing Office:

EXIT Realty Nexus

4 bedrooms, 2 full baths, 1 partial house for sale

$574,900

$6,827 Closing Credit

2 Full, 1 Partial

3,224 SqFt

7124 Stevens Rd, Onamia MN, 56359

Listing Office:

eXp Realty

$99,000

$1,176 Closing Credit

792 SqFt

410 Stevens Rd, Wahkon MN, 56386

Listing Office:

Realty Group LLC

4 bedrooms, 1 full bath, 1 partial house for sale

$725,000

$8,609 Closing Credit

1 Full, 1 Partial

1,824 SqFt

5151 Trillium Rd, Wahkon MN, 56386

Listing Office:

Century 21 Atwood

$399,900

$4,749 Closing Credit

1,680 SqFt

2350 Lake Shore Blvd, Wahkon MN, 56386

Listing Office:

RE/MAX Results

$400,000

$4,750 Closing Credit

2 Full, 1 Partial

2,400 SqFt

40062 Teal Rd, Wahkon MN, 56386

Listing Office:

Century 21 Atwood

$219,000

$2,601 Closing Credit

1,248 SqFt

165 3rd St E, Wahkon MN, 56386

Listing Office:

Century 21 Atwood

$149,000

Land

108 Forest Ct, Waconia MN, 55387

Listing Office:

Counselor Realty of Victoria

$149,000

Land

100 Forest Ct, Waconia MN, 55387

Listing Office:

Counselor Realty of Victoria

$149,000

Land

104 Forest Ct, Waconia MN, 55387

Listing Office:

Counselor Realty of Victoria

Nearby Markets to 56386, MN

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Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc. for the period 04/01/2022 - 04/01/2024

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Last updated on: 4/29/2024, 6:22:16 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.