#6654538, Listing Office: LPT Realty, LLC
56307 Housing Market Report February 2025•Stearns County, Minnesota
Housing Prices in 56307, MN
How much do homes in 56307, MN cost?
Median List Price
$277,400$169/SqFt
+$17,900
+6.9%
Based on all homes listed in the last 12 months
Insight
The list price of homes in 56307 has increased by 6.9% since last year.
Summary: The median home list price in 56307 was $277,400 in February 2025, up 6.9% from the previous year, and the median price per square foot was $169.
Median List Price By Zip Codes
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 56340 | $234.9K | $274.9K | +17.0% |
| 56307 | $259.5K | $277.4K | +6.9% |
| 56368 | $337.4K | $357.2K | +5.9% |
| 56310 | $324.9K | $324.5K | -0.1% |
| 56331 | $325K | $249.9K | -23.1% |
Median List Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $249K | $250K | 0.4% |
| 33 Bedrooms | $199.9K | $249.9K | +25.0% |
| 44 Bedrooms | $299K | $315K | +5.4% |
| 55+ Bedrooms | $474.9K | $340K | -28.4% |
Summary: 56307 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 increased by 0.4%. The home price for 3 bedroom homes increased by +25.0%. The home price for 4 bedroom homes increased by +5.4%. The home price for 5 bedroom homes decreased by -28.4%.
Housing supply in 56307, MN
How many homes are available in 56307, MN?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 11Last MonthFeb 2025 | ||
| 92 months agoJan 2025 | +22.2 % Change MoMJan – Feb |
Summary: The 56307 real estate market had 11 homes for sale in Feb 2025, a 22.2 % increase compared to Jan 2025.
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 0 | 0 | 0.0% |
| 33 Bedrooms | 5 | 6 | +20.0% |
| 44 Bedrooms | 2 | 3 | +50.0% |
| 55+ Bedrooms | 2 | 2 | 0.0% |
Summary: 56307 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 remained the same. The inventory for 3 bedroom homes increased by +20.0%. The inventory for 4 bedroom homes increased by +50.0%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in 56307, MN cost?
Over Asking Price1 Home
At Asking Price1 Home
Under Asking Price1 Home
Insight
If you're buying a home in 56307, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 56307 in February 2025, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and and 33% were sold over asking.
Days on Market for 56307, MN
How long does it take to sell a home in 56307, MN?
Breakdown of Home Sale Times
Under 30 Days2 Homes
30 – 90 Days1 Home
Over 90 Days0 Home
Insight
Many homes in 56307 are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 3 homes were sold in 56307; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Listing Age
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 71 DaysThis YearFeb 2025 | ||
| 71 Days1 year agoFeb 2024 | 0.0 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in 56307 had an average listing age of 71 days in Feb 2025, down by .0% compared to the previous year.
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Newest Listings in 56307, MN
What homes are available in 56307, MN?
$3,205 Closing Credit¹
#6655944, Listing Office: Benchmark Real Estate Services
$5,105 Closing Credit¹
#6650963, Listing Office: Central MN Realty LLC
#6644392, Listing Office: Agency North Real Estate, Inc
$3,858 Closing Credit¹
#6642798, Listing Office: Central MN Realty LLC
$5,700 Closing Credit¹
#6634598, Listing Office: Edina Realty, Inc.
$10,000 Closing Credit¹
#6587317, Listing Office: Central MN Realty LLC
#6528192, Listing Office: Central MN Realty LLC
#6528193, Listing Office: Central MN Realty LLC
#6528195, Listing Office: Central MN Realty LLC
#6528189, Listing Office: Central MN Realty LLC
#6528181, Listing Office: Central MN Realty LLC
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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: 3/4/2025, 3:22:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.