$99,900
Land
Listing Office: EDGE OF THE WILDERNESS REALTY
Is Bigfork 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, Bigfork Township has remained a Seller's Market.
Key Takeaway
Bigfork Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bigfork Township, MN
How much do homes in Bigfork Township, MN cost?
Median Sold Price
$250,900
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$69,100(-21.6%)
Key Takeaway
Homes in Bigfork Township have sold for 21.6% less than they did a year ago.
Summary: The median home sold price in Bigfork Township was $250,900 in October 2024, down 21.6% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215.5K | $231.5K | +7.4% |
| 2 Bedrooms | $332.5K | $260K | -21.8% |
| 3 Bedrooms | $317.4K | $235K | -26.0% |
| 4 Bedrooms | $252.5K | $585K | +131.7% |
| 5+ Bedrooms | $639K | $84.9K | -86.7% |
Summary: Bigfork Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes decreased by 21.8%, 3 bedroom homes decreased by 26%, 4 bedroom homes increased by 131.7%, and 5+ bedroom homes decreased by 86.7%.
Median Sold Price Compared To Nearby Cities
| Northeast Itasca | $325K | $261K | -19.7% |
| Bigfork Township | $320K | $250.9K | -21.6% |
| Bigfork | $320K | $250.9K | -21.6% |
Housing Supply in Bigfork Township, MN
How many homes are available in Bigfork Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 15 | -11.8% |
Summary: The Bigfork Township real estate market had 15 homes for sale in October 2024, a 11.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Bigfork 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 decreased by 14.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
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 Bigfork 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 Bigfork Township in October 2024, up by 50.0% month-over-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 Bigfork Township, MN
How long does it take to sell a home in Bigfork Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 76 Days | 52 Days | -31.6% |
Summary: Homes in Bigfork Township had an average of 52 days on market in Oct 2024, down by 31.6% 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 Bigfork Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Bigfork 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.
