56277 Housing Market Report February 2025•Renville County, Minnesota

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Housing Prices in 56277, MN

How much do homes in 56277, MN cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$169,000$110/SqFt
-$8,450
-4.8%

Based on all homes listed in the last 12 months

Insight

The list price of homes in 56277 has decreased by 4.8% since last year.

Summary: The median home list price in 56277 was $169,000 in February 2025, down 4.8% from the previous year, and the median price per square foot was $110.

Median List Price By Zip Codes

Median List Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
56216
+32.2%
56230
+23.0%
55310
+17.8%
56277
-4.8%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1--
N/A
2$158.2K$149.9K
-5.2%
3$177.4K$165K
-7.0%
4$220K$219.9K
0.0%
5$260K$169K
-35.0%

Summary: 56277 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -5.2%. The home price for 3 bedroom homes decreased by -7.0%. The home price for 4 bedroom homes decreased by 0.0%. The home price for 5 bedroom homes decreased by -35.0%.

How does 56277, MN compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

56277, MN

Housing supply in 56277, MN

How many homes are available in 56277, MN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
15Last MonthFeb 2025
132 months agoJan 2025
+15.4 %
Change MoMJan – Feb

Summary: The 56277 real estate market had 15 homes for sale in Feb 2025, a 15.4 % increase compared to Jan 2025.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
224
+100.0%
333
0.0%
466
0.0%
522
0.0%

Summary: 56277 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +100.0%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 56277, MN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price2 Homes

Insight

If you're buying a home in 56277, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 56277 in February 2025, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for 56277, MN

How long does it take to sell a home in 56277, MN?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days1 Home

Insight

Avg time on Rocket Homes in 56277 has remained consistent over time.

Summary: During February 2025, 2 homes were sold in 56277; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
116 DaysThis YearFeb 2025
110 Days1 year agoFeb 2024
+5.6 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in 56277 had an average listing age of 116 days in Feb 2025, up by 5.6% compared to the previous year.

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Newest Listings in 56277, MN

What homes are available in 56277, MN?

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Nearby markets

Nearby markets aren't available for 56277, MN

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Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc., for the period 03/01/2023 - 03/01/2025

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Last updated on: 3/12/2025, 10:22:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.