Is 56484, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 56484 was a Neutral Market.
Housing Prices in 56484, MN
How much do homes in 56484, MN cost?
Median Sold Price
$411,897
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 56484 was $411,897 in March 2024, up 14.4% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $149.9K | $40K | -73.3% |
2 Bedrooms | $270.8K | $365K | +34.8% |
3 Bedrooms | $335K | $423.4K | +26.4% |
4 Bedrooms | $498K | $500K | 0.4% |
5+ Bedrooms | $999.9K | $767.5K | -23.2% |
Summary: 56484 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 73.3%, 2 bedroom homes increased by 34.8%, 3 bedroom homes increased by 26.4%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 23.2%.
Median Sold Price Compared To Nearby Zip Codes
56484 | $360K | $411.8K | +14.4% |
56452 | $407.5K | $380K | -6.7% |
Housing Supply in 56484, MN
How many homes are available in 56484, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 31 | -3.1% |
Summary: The 56484 real estate market had 31 homes for sale in March 2024, a 3.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 4 | 8 | +100.0% |
3 Bedrooms | 18 | 16 | -11.1% |
4 Bedrooms | 6 | 4 | -33.3% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The 56484 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 decreased by 11.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 2 | -71.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in 56484 in March 2024, down by 71.4% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 56484, MN
How long does it take to sell a home in 56484, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
161 Days | 169 Days | +5.0% |
Summary: Homes in 56484 had an average of 169 days on market in Mar 2024, up by 5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in 56484; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.