Is 56452, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 56452 was a Buyer's Market.
Key Takeaway
56452 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56452, MN
How much do homes in 56452, MN cost?
Median Sold Price
$380,000
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 56452 have sold for 3.8% less than they did a year ago.
Summary: The median home sold price in 56452 was $380,000 in April 2024, down 3.8% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170.7K | $225.3K | +32.0% |
| 2 Bedrooms | $312.5K | $340.5K | +9.0% |
| 3 Bedrooms | $430K | $449K | +4.4% |
| 4 Bedrooms | $625K | $525K | -16.0% |
| 5+ Bedrooms | $660K | - | N/A |
Summary: 56452 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes did not change.
Housing Supply in 56452, MN
How many homes are available in 56452, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Summary: The 56452 real estate market had 16 homes for sale in April 2024, a 33.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 56452 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56452, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 56452 in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 56452, MN
How long does it take to sell a home in 56452, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 9 Days | 82 Days | +816.7% |
Summary: Homes in 56452 had an average of 82 days on market in Apr 2024, up by 816.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56452 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in 56452; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
