Is 56544, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 56544 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 56544 has remained a Seller's Market.

Key Takeaway

56544 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 56544, MN cost?

Median Sold Price

$280,000

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$51,000(+22.3%)

Key Takeaway

Homes in 56544 have sold for 22.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $75K$190K
+153.3%
2 $178K$135K
-24.2%
3 $278.5K$280K
0.5%
4 $291.5K$380K
+30.4%
5+ $320K$438.5K
+37.0%

Median Sold Price Compared To Nearby Zip Codes

56544
+22.3%
56573
+15.7%

How many homes are available in 56544, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
1211-8.3%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 22
0.0%
3 44
0.0%
4 22
0.0%
5+ 43
-25.0%

Number of Homes Sold

Nov 2021Dec 2021%
12+100.0%

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 56544, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 56544 has remained consistent over time.

About 56544, MN

56544, MN has 11 homes for sale to choose from. The number of homes for sale in 56544, MN decreased by 8.3% between November 2021 and December 2021. Listings spent 43 days on the market in December 2021, and had a median list price of $280,000 during the same period. From November 2021 through December 2021, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 153.3% more expensive, prices of 2 bedrooms properties decreased by 24.2%, prices of 3 bedrooms properties increased by 0.5%, 4 bedrooms properties prices increased by 30.4%, 5 bedrooms properties became 37% more expensive. Volume of homes for sale changed: 1 bedroom homes did not move, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes did not move, volume of 4 bedrooms homes stayed the same, the quantity of 5 bedrooms homes went down by 25%. 56544, 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.