56229, MN Housing Market

The 56229 housing market is somewhat competitive. The median sale price of a home in 56229 was $284K last month, up 45.4% since last year. The median sale price per square foot in 56229 is $108, down 26.0% since last year.

Trends
Demand
Schools
Climate

56229 Housing Market Trends

What is the housing market like in 56229 today?

In October 2024, 56229 home prices were up 45.4% compared to last year, selling for a median price of $284K.

$248K

Sale Price

-27.3%
since last year

$108

Sale $/Sq. Ft.

-26.0%
since last year

Under List Price

2.4%

Days on Market

Down Payment

—

Total Homes Sold

To compare other locations to the 56229 and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Minnesota add value to a home.

How hot is the 56229 housing market?

56229 is somewhat competitive. Homes sell in 35 days.

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 35 days.
Hot homes
can sell for around list price and go pending in around 12 days.

Compare With Nearby Zip codes

56258

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 13 days.
Hot homes
can sell for about 3% above list price and go pending in around 8 days.

See more nearby cities and neighborhoods

View houses in 56229 that sold recently

Recently sold homes

SOLD DEC 12, 2024
$260,000 Last Sold Price
3 beds
2 baths
—sq ft
134 W 5th St N, Cottonwood, MN 56229
List Price
$265,000
Sale to List
2% under list
Days on Market
38 days
134 W 5th St N, Cottonwood, MN 56229
SOLD NOV 18, 2024
$45,000
—beds
—baths
—sq ft
250 W Main St, Cottonwood, MN 56229
List Price
—
Sale to List
—
Days on Market
—
250 W Main St, Cottonwood, MN 56229
SOLD NOV 4, 2024
$248,000 Last Sold Price
3 beds
2 baths
—sq ft
80 Shoreview Dr, Cottonwood, MN 56229
List Price
$267,000
Sale to List
7% under list
Days on Market
97 days
80 Shoreview Dr, Cottonwood, MN 56229
SOLD OCT 9, 2024
$139,000
—beds
—baths
—sq ft
115 E Prairie St, Cottonwood, MN 56229
List Price
—
Sale to List
—
Days on Market
—
115 E Prairie St, Cottonwood, MN 56229
SOLD SEP 9, 2024
$283,500 Last Sold Price
3 beds
2 baths
—sq ft
30 Shoreview Dr, Cottonwood, MN 56229
List Price
$295,000
Sale to List
4% under list
Days on Market
59 days
30 Shoreview Dr, Cottonwood, MN 56229
SOLD AUG 29, 2024
$524,848
—beds
—baths
—sq ft
255 Northwood Dr, Cottonwood, MN 56229
List Price
—
Sale to List
—
Days on Market
—
255 Northwood Dr, Cottonwood, MN 56229
SOLD JUL 18, 2024
$165,000 Last Sold Price
3 beds
3 baths
—sq ft
246 Cherry St, Cottonwood, MN 56229
List Price
$165,000
Sale to List
0% over list
Days on Market
35 days
246 Cherry St, Cottonwood, MN 56229
SOLD JUL 8, 2024
$132,000 Last Sold Price
3 beds
2 baths
—sq ft
82 E Cottonwood St, Cottonwood, MN 56229
List Price
$139,000
Sale to List
5% under list
Days on Market
26 days
82 E Cottonwood St, Cottonwood, MN 56229
See all recently sold homes in 56229.
See listings

Schools in 56229

Learn about schools in the 56229 area

Elementary
Middle
High

GreatSchools Rating

6/10

Lakeview Elementary School

Public • PreK-6

342

Students

N/A

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on 56229 housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in 56229.

Wind Factor - Minor

100% of properties are at minor risk of a severe wind event over the next 30 years

Heat Factor - Minor

93% of properties are at minor risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for 56229

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