Housing Prices in 56461, MN
How much do homes in 56461, MN cost?
Median List Price
$359,000
$167/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in 56461 has increased by 30.5% since last year.
Summary: The median home list price in 56461 was $359,000 in March 2024, up 30.5% from the previous year, and the median price per square foot was $167.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $139.9K | $284K | +103.0% |
| 2 Bedrooms | $169.9K | $249.9K | +47.1% |
| 3 Bedrooms | $277K | $414.3K | +49.6% |
| 4 Bedrooms | $459.9K | $339.4K | -26.2% |
| 5+ Bedrooms | $2.3M | $399.9K | -82.8% |
Summary: 56461 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 103%, 2 bedroom homes increased by 47.1%, 3 bedroom homes increased by 49.6%, 4 bedroom homes decreased by 26.2%, and 5+ bedroom homes decreased by 82.8%.
Median List Price Compared To Nearby Zip Codes
| 56461 | $275K | $359K | +30.5% |
| 56458 | $229.9K | $297.2K | +29.3% |
| 56433 | $275K | $347K | +26.2% |
| 56470 | $269.9K | $319.9K | +18.5% |
Housing Supply in 56461, MN
How many homes are available in 56461, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 20 | +66.7% |
Summary: The 56461 real estate market had 20 homes for sale in March 2024, a 66.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 56461 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Days on Market for 56461, MN
How long does it take to sell a home in 56461, MN?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 165 Days | 99 Days | -39.6% |
Summary: Homes in 56461 had an average listing age of 99 days in Mar 2024, down by 39.6% compared to the previous year.
