Is 56540, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 56540 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 56540 has remained a Seller's Market.

Key Takeaway

56540 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 56540, MN cost?

Median Sold Price

$161,750

$86/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

-$20,750(-11.4%)

Key Takeaway

Homes in 56540 have sold for 11.4% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 $200K-
N/A
3 $165K-
N/A
4 -$161.7K
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Zip Codes

56535
+15.6%
56540
-11.4%

How many homes are available in 56540, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
42-50.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 10
-100.0%
3 10
-100.0%
4 22
0.0%
5+ 00
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
220.0%

Asking Price vs. Sold Price

1 Home Was 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 56540, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Dec 2021%
10 Days10 Days0.0%

Breakdown of Home Sale Times

2 Homes Were 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 56540 are selling fast, if you're buying plan to act quickly.

About 56540, MN

56540, MN has 2 homes on the market. The number of homes for sale in 56540, MN decreased by 50% between November 2021 and December 2021. The median list price of listings available in December 2021 was $161,750, while the average time on the real estate market was 10 days. Between December 2020 and December 2021, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties went up by 0%, 3 bedrooms properties prices increased by 0%, 4 bedrooms properties became 0% more expensive, 5 bedrooms properties became 0% more expensive. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, number of 2 bedrooms homes decreased by 100%, 3 bedrooms homes became 100% less available, number of 4 bedrooms homes remained the same, volume of 5 bedrooms homes stayed the same. 56540, MN housing market in December 2021 saw over 1 listings sold above listed price, more than 0 sold at listed price and over 1 sold below.