Is 56440, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 56440 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 56440 has remained a Seller's Market.

Key Takeaway

56440 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 56440, MN cost?

Median Sold Price

$90,000

$100/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

-$210,000(-70.0%)

Key Takeaway

Homes in 56440 have sold for 70% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 $115K$90K
-21.7%
3 --
N/A
4 $485K-
N/A
5+ --
N/A

How many homes are available in 56440, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
31-66.7%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 21
-50.0%
3 00
0.0%
4 10
-100.0%
5+ 00
0.0%

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 56440, 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%
22 Days3 Days-86.7%

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 56440 are selling fast, if you're buying plan to act quickly.

About 56440, MN

56440, MN has 1 homes for sale to choose from. The number of homes for sale in 56440, MN decreased by 66.7% between November 2021 and December 2021. In December 2021 median list price was $90,000 and the average listing age was 3 days. From December 2020 through December 2021, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went down by 21.7%, the cost of 3 bedrooms properties went up by 0%, 4 bedrooms properties prices increased by 0%, prices of 5 bedrooms properties increased by 0%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes went down by 50%, the quantity of 3 bedrooms homes have not changed, number of 4 bedrooms homes decreased by 100%, 5 bedrooms homes did not move. While more than 0 listings in 56440, MN in December 2021 were sold above asking price, there were more than 0 listings sold at asking price, and more than 1 were sold below.