56087, MN Housing Market
The 56087 housing market is very competitive. The median sale price of a home in 56087 was $109K last month, down 2.3% since last year. The median sale price per square foot in 56087 is $62, down 25.7% since last year.
56087 Housing Market Trends
In March 2024, 56087 home prices were down 2.3% compared to last year, selling for a median price of $109K. On average, homes in 56087 sell after 89 days on the market compared to 29 days last year. There were 8 homes sold in March this year, up from 4 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the 56087 housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% below list price and go pending in around 27 days.
- Hot homescan sell for about 4% above list price and go pending in around 9 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 2% below list price and go pending in around 39 days.
- Hot homescan sell for about 2% above list price and go pending in around 9 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
- Some homes get multiple offers.
- The average homes sell for about 5% below list price and go pending in around 67 days.
- Hot homescan sell for about 1% below list price and go pending in around 23 days.
Home offer insights for 56087
Recent offers
View houses in 56087 that sold recently
Recently sold homes
- $86,500 Last Sold Price2 beds1 bath—sq ft411 W Van Dusen St, Springfield, MN 56087List Price$82,000Sale to List5% over listDays on Market42 days411 W Van Dusen St, Springfield, MN 56087
- $65,000 Last Sold Price2 beds1 bath—sq ft515 W Van Dusen St, Springfield, MN 56087List Price$73,000Sale to List11% under listDays on Market49 days515 W Van Dusen St, Springfield, MN 56087
- $85,000 Last Sold Price3 beds1 bath—sq ft318 W Lincoln St, Springfield, MN 56087List Price$84,500Sale to List1% over listDays on Market75 days318 W Lincoln St, Springfield, MN 56087
- $73,000 Last Sold Price2 beds1 bath—sq ft402 W Van Dusen St, Springfield, MN 56087List Price$75,000Sale to List3% under listDays on Market41 days402 W Van Dusen St, Springfield, MN 56087
- $8,500 Last Sold Price—beds—baths—sq ft416 W Central St, Springfield, MN 56087List Price$8,500Sale to List0% over listDays on Market965 days416 W Central St, Springfield, MN 56087
- $84,713 Last Sold Price2 beds1 bath—sq ft409 Ray Ave, Springfield, MN 56087List Price$82,000Sale to List3% over listDays on Market55 days409 Ray Ave, Springfield, MN 56087
- $62,5004 beds1 bath1,137 sq ft402 W Sanborn St, Springfield, MN 56087Days on Market—402 W Sanborn St, Springfield, MN 56087
- $30,0004 beds2 baths2,590 sq ft222 N Van Buren Ave, Springfield, MN 56087Days on Market—222 N Van Buren Ave, Springfield, MN 56087
See all recently sold homes in 56087.
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Schools in 56087
- Elementary
- Middle
- High
GreatSchools Rating
9/10 Springfield Elementary School Public • PreK-6 | 318 Students | N/A |
Climate's impact on 56087 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in 56087.
Flood Factor - Moderate
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Minimal
Wind Factor
Heat Factor - Minor
Heat Factor
Transportation in 56087
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