Is 56751, 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, 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
$222,500
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
+$41,550(+23.0%)
Key Takeaway
Homes in 56751 have sold for 23% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | $108.7K | $133.5K | +22.8% |
| 2 Bedrooms | $182K | $124.6K | -31.5% |
| 3 Bedrooms | $169.9K | $222.5K | +31.0% |
| 4 Bedrooms | $229.9K | $298K | +29.6% |
| 5+ Bedrooms | $300K | $351.9K | +17.3% |
How many homes are available in 56751, MN?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 15 | 19 | +26.7% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 0 | 1 | +100.0% |
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 56751, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Average Sale Time
| Feb 2022 | Feb 2023 | % |
|---|---|---|
| 26 Days | 10 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
Key Takeaway
Many homes in 56751 are selling fast, if you're buying plan to act quickly.
