Is 56554, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 56554 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 56554 was a Buyer's Market.

Key Takeaway

56554 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 56554, MN cost?

Median Sold Price

$389,750

$246/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

+$141,250(+56.8%)

Key Takeaway

Homes in 56554 have sold for 56.8% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 -$282.5K
N/A
3 $248.5K$669.9K
+169.6%
4 --
N/A
5+ -$497K
N/A

Median Sold Price Compared To Nearby Zip Codes

56554
+56.8%
56549
-55.5%
56511
-77.4%

How many homes are available in 56554, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
2624-7.7%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 11
0.0%
2 44
0.0%
3 1411
-21.4%
4 44
0.0%
5+ 34
+33.3%

Number of Homes Sold

Nov 2021Dec 2021%
36+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 56554, 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%
64 Days32 Days-49.9%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 56554 are selling fast, if you're buying plan to act quickly.

About 56554, MN

56554, MN has 24 homes on the market. Between November 2021 and December 2021, 56554, MN real estate market has seen decrease in the number of listings by 7.7%. In December 2021 median list price was $389,750 and the average listing age was 32 days. Between December 2020 and December 2021, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 0%, the cost of 3 bedrooms properties went up by 169.6%, the cost of 4 bedrooms properties went up by 0%, prices of 5 bedrooms properties increased by 0%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory did not change, the quantity of 3 bedrooms homes went down by 21.4%, number of 4 bedrooms homes remained the same, 5 bedrooms homes inventory increased by 33.3%. 56554, MN housing market in December 2021 saw over 0 listings sold above listed price, more than 3 sold at listed price and over 3 sold below.