Is Moorhead Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Moorhead Township has remained a Seller's Market.
Key Takeaway
Moorhead Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Moorhead Township, MN
How much do homes in Moorhead Township, MN cost?
Median Sold Price
$253,444
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Moorhead Township have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Moorhead Township was $253,444 in May 2024, up 2.4% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $174.7K | $125K | -28.5% |
| 2 Bedrooms | $190K | $199.9K | +5.2% |
| 3 Bedrooms | $231.9K | $240K | +3.5% |
| 4 Bedrooms | $292K | $291K | -0.3% |
| 5+ Bedrooms | $336.9K | $335.6K | -0.4% |
Summary: Moorhead Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.5%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 0.4%.
Housing Supply in Moorhead Township, MN
How many homes are available in Moorhead Township, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 415 | 471 | +13.5% |
Summary: The Moorhead Township real estate market had 471 homes for sale in May 2024, a 13.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 72 | 86 | +19.4% |
| 3 Bedrooms | 155 | 166 | +7.1% |
| 4 Bedrooms | 141 | 158 | +12.1% |
| 5+ Bedrooms | 45 | 57 | +26.7% |
Summary: The Moorhead Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 26.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 94 | 80 | -14.9% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Moorhead Township, you may be able to get a good deal. 47.5% of homes here sold below asking price last month.
Summary: A total of 80 homes were sold or pending in Moorhead Township in May 2024, down by 14.9% month-over-month. Of the 80 sold homes, 48% were sold under asking, 25% were sold at asking, and 28% were sold over asking.
Days on Market for Moorhead Township, MN
How long does it take to sell a home in Moorhead Township, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 24 Days | -26.2% |
Summary: Homes in Moorhead Township had an average of 24 days on market in May 2024, down by 26.2% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Moorhead Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 80 homes were sold in Moorhead Township; 33% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
