Is 56537, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer'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
$199,950
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
+$12,450(+6.6%)
Key Takeaway
Homes in 56537 have sold for 6.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | $71.5K | $47.5K | -33.6% |
| 2 Bedrooms | $137K | $155.2K | +13.3% |
| 3 Bedrooms | $169.9K | $180K | +5.9% |
| 4 Bedrooms | $237K | $262.5K | +10.8% |
| 5+ Bedrooms | $237K | $290K | +22.4% |
How many homes are available in 56537, MN?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 44 | 50 | +13.6% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 13 | +160.0% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
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 2022 | Feb 2023 | % |
|---|---|---|
| 54 Days | 55 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
Key Takeaway
Many homes in 56537 are selling fast, if you're buying plan to act quickly.
