Is 56441, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 56441 has remained a Seller's Market.
Housing Prices in 56441, MN
How much do homes in 56441, MN cost?
Median Sold Price
$200,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 56441 was $200,000 in April 2024, down 5.2% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170K | $68.9K | -59.5% |
2 Bedrooms | $181.9K | $180K | -1.0% |
3 Bedrooms | $228.2K | $214K | -6.2% |
4 Bedrooms | $279.9K | $360K | +28.6% |
5+ Bedrooms | $220K | $803.7K | +265.3% |
Summary: 56441 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 59.5%, 2 bedroom homes decreased by 1%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 265.3%.
Median Sold Price Compared To Nearby Zip Codes
56455 | $195K | $267K | +36.9% |
56442 | $522.5K | $499.9K | -4.3% |
56441 | $211K | $200K | -5.2% |
56447 | $349K | $329.5K | -5.6% |
Housing Supply in 56441, MN
How many homes are available in 56441, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 22 | -15.4% |
Summary: The 56441 real estate market had 22 homes for sale in April 2024, a 15.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 9 | 7 | -22.2% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The 56441 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 8 | -20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 56441 in April 2024, down by 20.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for 56441, MN
How long does it take to sell a home in 56441, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 27 Days | -2.8% |
Summary: Homes in 56441 had an average of 27 days on market in Apr 2024, down by 2.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in 56441; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.