$29,900
Land
Listing Office: Red Oak Realty
Is Belgrade Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Belgrade Township was a Buyer's Market.
Key Takeaway
Belgrade Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Belgrade Township, MN
How much do homes in Belgrade Township, MN cost?
Median Sold Price
$265,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,000(+15.2%)
Key Takeaway
Homes in Belgrade Township have sold for 15.2% more than they did a year ago.
Summary: The median home sold price in Belgrade Township was $265,000 in November 2024, up 15.2% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $69K | $473.7K | +586.6% |
| 3 Bedrooms | $264.5K | $360K | +36.1% |
| 4 Bedrooms | $228K | $260K | +14.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Belgrade Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 586.6%, 3 bedroom homes increased by 36.1%, 4 bedroom homes increased by 14%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| North Mankato | $295K | $341K | +15.6% |
| Belgrade Township | $230K | $265K | +15.2% |
| Mankato | $290K | $305K | +5.2% |
Housing Supply in Belgrade Township, MN
How many homes are available in Belgrade Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Summary: The Belgrade Township real estate market had 9 homes for sale in November 2024, a 25.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Belgrade 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Belgrade Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Belgrade Township in November 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Belgrade Township, MN
How long does it take to sell a home in Belgrade Township, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 105 Days | 41 Days | -60.3% |
Summary: Homes in Belgrade Township had an average of 41 days on market in Nov 2024, down by 60.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Belgrade Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Belgrade Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
