Is 56763, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 56763 has remained a Buyer's Market.
Housing Prices in 56763, MN
How much do homes in 56763, MN cost?
Median Sold Price
$245,000
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 56763 was $245,000 in April 2024, up 42.2% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $99.5K | $172K | +72.9% |
3 Bedrooms | $138.2K | $204.8K | +48.2% |
4 Bedrooms | $236.4K | $264K | +11.7% |
5+ Bedrooms | $316K | $315K | -0.3% |
Summary: 56763 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 72.9%, 3 bedroom homes increased by 48.2%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes decreased by 0.3%.
Median Sold Price Compared To Nearby Zip Codes
56763 | $172.2K | $245K | +42.2% |
56751 | $218K | $205K | -6.0% |
Housing Supply in 56763, MN
How many homes are available in 56763, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 41 | +2.5% |
Summary: The 56763 real estate market had 41 homes for sale in April 2024, a 2.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 19 | 20 | +5.3% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 56763 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
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
Summary: A total of 1 homes were sold or pending in 56763 in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 56763, MN
How long does it take to sell a home in 56763, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
5 Days | 4 Days | -20.0% |
Summary: Homes in 56763 had an average of 4 days on market in Apr 2024, down by 20% compared to last year.
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
Summary: During April 2024, 1 homes were sold in 56763; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.