Is 56534, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 56534 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 56534 has remained a Seller's Market.

Key Takeaway

56534 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 56534, MN cost?

Median Sold Price

$359,900

$142/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

+$59,900(+20.0%)

Key Takeaway

Homes in 56534 have sold for 20% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 --
N/A
3 --
N/A
4 $300K-
N/A
5+ -$359.9K
N/A

How many homes are available in 56534, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
43-25.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 00
0.0%
3 11
0.0%
4 21
-50.0%
5+ 11
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
110.0%

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 56534, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Dec 2021%
37 Days8 Days-78.4%

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 56534 are selling fast, if you're buying plan to act quickly.

About 56534, MN

There are 3 homes are for sale in 56534, MN real estate market. The number of listings in 56534, MN decreased by 25% between November 2021 and December 2021. In December 2021, listings were on the market for 8 days. During the same period, the median list price in this real estate market was $359,900. This housing market listing prices have changed between December 2020 and December 2021: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 0%, prices of 3 bedrooms properties increased by 0%, prices of 4 bedrooms properties increased by 0%, prices of 5 bedrooms properties went up by 0%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes stayed the same, volume of 3 bedrooms homes stayed the same, number of 4 bedrooms homes decreased by 50%, number of 5 bedrooms homes remained the same. Over 1 listings were sold over their listed price in December 2021 in 56534, MN. In the same period over 0 listings were sold below the listed price and 0 listings were sold for the listed price.