56501 Home Values & Market Trends
There are 9 homes currently listed for 56501. 56501 real estate market trends show that home prices range from $133,000 to $549,900, and the median sales price in the 56501 zip code is $352,402.29. The total number of properties sold within the past twelve months is 426. In 56501, 6 properties are in foreclosure, 0 are bank owned properties,and 6 are headed for auction.
Housing Market Summary for 56501
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $369K | $316.6K | -14.20% |
| Median Sold Price | $270K | $316.6K | 17.26% |
| Homes For Sale | 9 | 9 | - |
| Homes Sold | 180 | 125 | -30.56% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 56501
Browse Homes in 56501
The median list price of a home in Detroit Lakes, is $352,402.29. A total of 9 properties are for sale, and the percentage of properties for sale in the zip code is 9.00%. The total count of 56501 properties is 9,607.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 56501 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 56501; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 56501 ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in 56501. There is 1 cities within 56501; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsdetroit lakes has 6 auction properties, the highest number of properties going to auction in a single city in the state of 56501. Auction homes and other auction properties account for 0.06% of all properties in 56501. There is 1 cities within 56501; of that cities, the median estimated home value for homes going to auction ranges from $234,231 in detroit lakes to the lowest value of $152,432 in detroit lakes.
Compare Nearby Zip Codes
More Real Estate Resources for 56501
Guide for 56501
Overview of the real estate trends in Saint Paul over the past year, analyzing various aspects like sale prices, property values, market activity, and market dynamics on a monthly basis, discussing influences such as economic conditions, interest rates, seasonal changes, and local employment levels.
The article provides a comprehensive analysis of real estate market trends in Minneapolis and its surrounding cities, highlighting various shifts in property values and sales. The observations reflect a diverse and dynamic market catering to varying buyer preferences and budgets.
Information on foreclosure financing, refinancing, and foreclosure mortgages.
Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.