Is 56547, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2022
At the same time last year, 56547 was a Neutral Market.
Key Takeaway
56547 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
How much do homes in 56547, MN cost?
Median Sold Price
$318,750
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
+$33,800(+11.9%)
Key Takeaway
Homes in 56547 have sold for 11.9% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $139.9K | $113K | -19.3% |
| 3 Bedrooms | $190K | $243K | +27.9% |
| 4 Bedrooms | $285K | $345K | +21.1% |
| 5+ Bedrooms | $340K | $459.9K | +35.3% |
Median Sold Price Compared To Nearby Zip Codes
| 56547 | $284.9K | $318.7K | +11.9% |
| 56529 | $216K | $231K | +6.9% |
| 56560 | $230K | $240K | +4.3% |
How many homes are available in 56547, MN?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 11 | 11 | 0.0% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56547, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Average Sale Time
| Feb 2022 | Feb 2023 | % |
|---|---|---|
| 32 Days | 110 Days | +243.8% |
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 56547 are taking a long time to sell, it's a good idea to negotiate on homes here.
