Is 56751, MN a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing 56751 is a buyer's market


Difference Since February 2022

At the same time last year, 56751 was a Seller's Market.

Key Takeaway

56751 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 56751, MN cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2022


Key Takeaway

Homes in 56751 have sold for 23% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $108.7K$133.5K
2 $182K$124.6K
3 $169.9K$222.5K
4 $229.9K$298K
5+ $300K$351.9K

How many homes are available in 56751, MN?

Number of Homes For Sale

Jan 2023Feb 2023%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 00
2 34
3 46
4 56
5+ 33

Number of Homes Sold

Jan 2023Feb 2023%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 56751, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Feb 2022Feb 2023%
26 Days10 Days-62.5%

Breakdown of Home Sale Times

1 Home Was 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 56751 are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 56751, MN

There are 19 homes are for sale in 56751, MN real estate market. The number of listings in 56751, MN increased by 26.7% between January 2023 and February 2023. While the average time on the market in February 2023 was 10 days, the median list price was $222,500. Between January 2023 and February 2023, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 22.8% more expensive, the cost of 2 bedrooms properties went down by 31.5%, 3 bedrooms properties prices increased by 31%, prices of 4 bedrooms properties went up by 29.6%, 5 bedrooms properties prices increased by 17.3%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went up by 33.3%, volume of 3 bedrooms homes went up by 50%, the quantity of 4 bedrooms homes went up by 20%, number of 5 bedrooms homes remained the same. In February 2023 more than 0 listings in 56751, MN were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below.