Is 56537, MN a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing 56537 is a seller's market


Difference Since February 2022

Since last year, 56537 has remained a Seller's Market.

Key Takeaway

56537 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 56537, MN cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2022


Key Takeaway

Homes in 56537 have sold for 6.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $71.5K$47.5K
2 $137K$155.2K
3 $169.9K$180K
4 $237K$262.5K
5+ $237K$290K

How many homes are available in 56537, MN?

Number of Homes For Sale

Jan 2023Feb 2023%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 00
2 513
3 1820
4 1311
5+ 86

Number of Homes Sold

Jan 2023Feb 2023%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 56537, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.

Average Sale Time

Feb 2022Feb 2023%
54 Days55 Days+2.4%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 56537 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 56537, MN

56537, MN has 50 homes on the market. Between January 2023 and February 2023, 56537, MN real estate market has seen increase in the number of listings by 13.6%. While the average time on the market in February 2023 was 55 days, the median list price was $199,950. This housing market listing prices have changed between January 2023 and February 2023: prices of 1 bedroom properties decreased by 33.6%, prices of 2 bedrooms properties went up by 13.3%, prices of 3 bedrooms properties went up by 5.9%, 4 bedrooms properties prices increased by 10.8%, prices of 5 bedrooms properties went up by 22.4%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory increased by 160%, 3 bedrooms homes inventory increased by 11.1%, number of 4 bedrooms homes decreased by 15.4%, 5 bedrooms homes inventory decreased by 25%. In February 2023 more than 8 listings in 56537, MN were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 1 were sold below.