Is 56461, MN a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing 56461 is a buyer's market


Difference Since February 2022

At the same time last year, 56461 was a Seller's Market.

Key Takeaway

56461 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 56461, MN cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2022


Key Takeaway

Homes in 56461 have sold for 9.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $155.5K$130K
2 $237.5K$160K
3 $237.9K$275.5K
4 $319.9K$442.4K
5+ $297.4K$4.5M

Median Sold Price Compared To Nearby Zip Codes


How many homes are available in 56461, MN?

Number of Homes For Sale

Jan 2023Feb 2023%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 10
2 11
3 54
4 33
5+ 00

Number of Homes Sold

Jan 2023Feb 2023%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 56461, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Feb 2022Feb 2023%
64 Days5 Days-92.2%

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 56461 are selling fast, if you're buying plan to act quickly.

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

About 56461, MN

56461, MN has 8 homes on the market. Between January 2023 and February 2023, 56461, MN real estate market has seen decrease in the number of listings by 20%. The median list price of listings available in February 2023 was $272,000, while the average time on the real estate market was 5 days. Listing prices have changed in this real estate market between January 2023 and February 2023: 1 bedroom properties became 16.4% more cheaper, 2 bedrooms properties became 32.6% more cheaper, 3 bedrooms properties prices increased by 15.8%, prices of 4 bedrooms properties increased by 38.3%, 5 bedrooms properties prices increased by 1412.9%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes went down by 100%, 2 bedrooms homes did not move, 3 bedrooms homes inventory decreased by 20%, the quantity of 4 bedrooms homes have not changed, number of 5 bedrooms homes remained the same. While more than 1 listings in 56461, MN in February 2023 were sold above asking price, there were more than 0 listings sold at asking price, and more than 0 were sold below.