Is 56628, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 56628 was a Seller's Market.
Key Takeaway
56628 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
How much do homes in 56628, MN cost?
Median Sold Price
$138,400
$111/sqft
Based on all homes sold in February 2023.
Difference Since Last Month
-$286,600(-67.4%)
Key Takeaway
Homes in 56628 have sold for 67.4% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $375K | $138.4K | -63.1% |
| 3 Bedrooms | $475K | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
How many homes are available in 56628, MN?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 11 | 9 | -18.2% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 56628, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Average Sale Time
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 141 Days | 56 Days | -60.4% |
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 56628 has remained consistent over time.
