ZIP 56056 housing market
Data through Jan 2026 · Balanced market · leverage 23
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Buyer Leverage Score
23
Oct 2021
Months of Supply
3.1 months
Sep 2021
Days on Market
72 days
Nov 2025
Price Cut %
0.0%
Sep 2025
Sale-to-List Ratio
96.1%
Jan 2026
Expected Disaster Loss
$136
Dec 2025
What this means
- Supply. Listings are 100% below the 2017-19 norm and falling (−100% vs. a year ago): still a tight market.
- Negotiating. Buyer leverage is low (23/100; U.S.: 54) (as of Oct 2021): homes sell for about 3.9% below their final list price; 0% of listings had a price cut (U.S.: 26%) (as of Sep 2025).
- Disaster risk. FEMA expects about $136 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
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Other ZIP codes in Watonwan County, MN
| Area | Home value | 1-year change | Buyer leverage |
|---|---|---|---|
| Saint James, MN 56081 | $173.6K | +3.2% | 32 |
| Madelia, MN 56062 | $209.7K | +5.0% | 70 |
| Mountain Lake, MN 56120 | $198.2K | +6.0% | 48 |
| Lewisville, MN 56060 | $169.9K | +4.8% | 2 |
| Darfur, MN 56022 | – | – | 20 |