$5,641 Closing Credit*
$475,000
1,903 SqFt
3 Beds
•1 Full Bath
Listing Office: RE/MAX Results
Is Big Lake Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Big Lake Township has remained a Seller's Market.
Key Takeaway
Big Lake Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Big Lake Township, MN
How much do homes in Big Lake Township, MN cost?
Median Sold Price
$351,666
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,666(+0.5%)
Key Takeaway
The sold price of homes in Big Lake Township has remained the same since last year.
Summary: The median home sold price in Big Lake Township was $351,666 in October 2024, up 0.5% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $168.4K | $205K | +21.7% |
| 2 Bedrooms | $300K | $298.9K | -0.4% |
| 3 Bedrooms | $349.9K | $349.9K | 0.0% |
| 4 Bedrooms | $374K | $372.5K | -0.4% |
| 5+ Bedrooms | $410K | $437.5K | +6.7% |
Summary: Big Lake Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.7%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes did not change, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
| Monticello Township | $345.6K | $350.3K | +1.4% |
| Becker Township | $355.5K | $358.4K | +0.8% |
| Big Lake Township | $350K | $351.6K | 0.5% |
| Big Lake | $349.9K | $350K | 0.0% |
| Orrock Township | $462.5K | $459.5K | -0.6% |
Housing Supply in Big Lake Township, MN
How many homes are available in Big Lake Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 102 | 120 | +17.6% |
Summary: The Big Lake Township real estate market had 120 homes for sale in October 2024, a 17.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 34 | 41 | +20.6% |
| 4 Bedrooms | 43 | 49 | +14.0% |
| 5+ Bedrooms | 11 | 15 | +36.4% |
Summary: The Big Lake Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 20.6%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 36.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 26 | +36.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Big Lake Township, you could pay more than the asking price. 38.5% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Big Lake Township in October 2024, up by 36.8% month-over-month. Of the 26 sold homes, 27% were sold under asking, 35% were sold at asking, and 38% were sold over asking.
Days on Market for Big Lake Township, MN
How long does it take to sell a home in Big Lake Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 26 Days | -17.3% |
Summary: Homes in Big Lake Township had an average of 26 days on market in Oct 2024, down by 17.3% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Big Lake Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in Big Lake Township; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
