Is 56479, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 56479 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 56479 has remained a Seller's Market.

Key Takeaway

56479 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 56479, MN cost?

Median Sold Price

$149,950

$90/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

-$7,050(-4.5%)

Key Takeaway

Homes in 56479 have sold for 4.5% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $99.9K$67.5K
-32.5%
2 $107.4K$99.2K
-7.6%
3 $142.3K$152.5K
+7.2%
4 $174.9K$169.9K
-2.8%
5+ $251.2K$240K
-4.5%

Median Sold Price Compared To Nearby Zip Codes

56466
+52.9%
56479
-4.5%

How many homes are available in 56479, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
3326-21.2%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 75
-28.6%
3 119
-18.2%
4 86
-25.0%
5+ 76
-14.3%

Number of Homes Sold

Nov 2021Dec 2021%
810+25.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 56479, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
49 Days40 Days-19.4%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 56479 are selling fast, if you're buying plan to act quickly.

About 56479, MN

56479, MN has 26 homes for sale to choose from. The inventory of homes for sale in 56479, MN between November 2021 and December 2021 decreased by 21.2%. In December 2021 median list price was $149,950 and the average listing age was 40 days. Listing prices have changed in this real estate market between November 2021 and December 2021: prices of 1 bedroom properties decreased by 32.5%, prices of 2 bedrooms properties decreased by 7.6%, the cost of 3 bedrooms properties went up by 7.2%, the cost of 4 bedrooms properties went down by 2.8%, the cost of 5 bedrooms properties went down by 4.5%. This housing market inventory have changed: 1 bedroom homes did not move, number of 2 bedrooms homes decreased by 28.6%, number of 3 bedrooms homes decreased by 18.2%, 4 bedrooms homes inventory decreased by 25%, 5 bedrooms homes inventory decreased by 14.3%. While more than 0 listings in 56479, MN in December 2021 were sold above asking price, there were more than 5 listings sold at asking price, and more than 5 were sold below.