56031 Home Values & Market Trends

There are 16 homes currently listed for 56031. 56031 real estate market trends show that home prices range from $45,900 to $799,000, and the median sales price in the 56031 zip code is $160,736.47. The total number of properties sold within the past twelve months is 226. In 56031, 1 properties are in foreclosure, 0 are bank owned properties,and 1 are headed for auction.

56031 Real Estate Market Overview

CityMedian Est. Value
Fairmont

$ 233,524

$ 117/sqft

Housing Market Summary for 56031

Apr 2023March 2024Change
Median Listing Price$249.9K$126.2K-49.49%
Median Sold Price$145.1K$126.2K-13.03%
Homes For Sale2118-14.29%
Homes Sold107105-1.87%
Price
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Homes For Sale
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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%.

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Browse Homes in 56031

The median list price of a home in Fairmont, is $160,736.47. A total of 16 properties are for sale, and the percentage of properties for sale in the zip code is 16.00%. The total count of 56031 properties is 4,706.

Foreclosure
There is 1 cities within 56031; within this cities, the median estimated home value for homes in foreclosure ranges from $156,172 in fairmont to the lowest value of $156,172 in fairmont. Foreclosure homes account for 0.00% of properties in 56031 with fairmont containing 1 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in 56031 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 56031; 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 Owned
    The median estimated home value of bank owned homes (REO properties) in 56031 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 56031. There is 1 cities within 56031; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    fairmont has 1 auction properties, the highest number of properties going to auction in a single city in the state of 56031. Auction homes and other auction properties account for 0.02% of all properties in 56031. There is 1 cities within 56031; of that cities, the median estimated home value for homes going to auction ranges from $156,172 in fairmont to the lowest value of $156,172 in fairmont.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.34% of residential properties in 56031 with fairmont containing 16 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 56031; homes for sale in that cities, have a range of median values from $829,000 in fairmont to the lowest value of $54,951 in fairmont.
    Sold Homes
    The median value for recently sold homes ranges from $895,495 in fairmont to the lowest price of $22,299 in fairmont. There is 1 cities within 56031. fairmont has 103 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.19% of properties in 56031.

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      Guide for 56031

      Market Reports
      Saint Paul Real Estate Market Shows Steady Growth Through 2023-2024
      Market Reports
      Minneapolis’ Real Estate Market Faces Value Dip, February 2024
      Home Buying Guides & Tips
      How To Stop a Foreclosure via a Short Sale
      Financing Guides
      How To Protect Your Credit Score After Foreclosure
      See More Articles
      Saint Paul Real Estate Market Shows Steady Growth Through 2023-2024
      Market Reports|posted 26 March 2024

      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.

      Minneapolis’ Real Estate Market Faces Value Dip, February 2024
      Market Reports|posted 14 March 2024

      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.

      How To Stop a Foreclosure via a Short Sale
      Home Buying Guides & Tips|posted 26 April 2024

      Learn how a short sale can stop the foreclosure process.

      How To Protect Your Credit Score After Foreclosure
      Financing Guides|posted 24 April 2024

      Learn effective strategies to safeguard your credit score after experiencing a foreclosure.

      Recently Listed Homes 56031

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