$2,672 Closing Credit*
$225,000
728 SqFt
2 Beds
•1 Bath
Listing Office: RE/MAX Results
Is Albion Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Albion Township was a Neutral Market.
Key Takeaway
Albion Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Albion Township, MN
How much do homes in Albion Township, MN cost?
Median Sold Price
$422,500
$165/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$52,500(-11.1%)
Key Takeaway
Homes in Albion Township have sold for 11.1% less than they did a month ago.
Summary: The median home sold price in Albion Township was $422,500 in November 2024, down 11.1% from last month, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $475K | $260K | -45.3% |
| 4 Bedrooms | - | $585K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Albion Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 45.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Albion Township, MN
How many homes are available in Albion Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Summary: The Albion Township real estate market had 6 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Albion Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Albion Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Albion Township in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Albion Township, MN
How long does it take to sell a home in Albion Township, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 34 Days | +56.8% |
Summary: Homes in Albion Township had an average of 34 days on market in Nov 2024, up by 56.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Albion Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Albion Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
