$2,375 Closing Credit*
$200,000
2,628 SqFt
4 Beds
•1 Full Bath
Listing Office: Generations Real Estate
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 November 2023
At the same time last year, Big Lake Township was a Seller's Market.
Key Takeaway
Big Lake Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Big Lake Township, MN
How much do homes in Big Lake Township, MN cost?
Median Sold Price
$354,250
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,500(+1.0%)
Key Takeaway
Homes in Big Lake Township have sold for 1% more than they did a year ago.
Summary: The median home sold price in Big Lake Township was $354,250 in November 2024, up 1% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $168.4K | $205K | +21.7% |
| 2 Bedrooms | $306K | $298K | -2.6% |
| 3 Bedrooms | $349K | $350K | 0.3% |
| 4 Bedrooms | $370K | $372.5K | +0.7% |
| 5+ Bedrooms | $410K | $470K | +14.6% |
Summary: Big Lake Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.7%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 14.6%.
Median Sold Price Compared To Nearby Cities
| Monticello Township | $344.3K | $350K | +1.6% |
| Becker Township | $359.9K | $365K | +1.4% |
| Big Lake Township | $350.7K | $354.2K | +1.0% |
| Big Lake | $349.9K | $350K | 0.0% |
| Orrock Township | $479.9K | $469K | -2.3% |
Housing Supply in Big Lake Township, MN
How many homes are available in Big Lake Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 112 | 112 | 0.0% |
Summary: The Big Lake Township real estate market had 112 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 | 2 | 2 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 38 | 40 | +5.3% |
| 4 Bedrooms | 46 | 41 | -10.9% |
| 5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The Big Lake 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 remained the same, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 15 | -46.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Big Lake Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Big Lake Township in November 2024, down by 46.4% month-over-month. Of the 15 sold homes, 60% were sold under asking, 13% were sold at asking, and 27% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 37 Days | +70.2% |
Summary: Homes in Big Lake Township had an average of 37 days on market in Nov 2024, up by 70.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was 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 November 2024, 15 homes were sold in Big Lake Township; 47% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
