$49,500
Land
Listing Office: RE/MAX RESULTS
Is Brook Park 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, Brook Park Township has remained a Seller's Market.
Key Takeaway
Brook Park Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brook Park Township, MN
How much do homes in Brook Park Township, MN cost?
Median Sold Price
$294,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,000(+11.4%)
Key Takeaway
Homes in Brook Park Township have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Brook Park Township was $294,000 in October 2024, up 11.4% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $143K | -4.7% |
| 2 Bedrooms | $223K | $236.9K | +6.3% |
| 3 Bedrooms | $283.5K | $292.5K | +3.2% |
| 4 Bedrooms | $267.5K | $335.7K | +25.5% |
| 5+ Bedrooms | $360K | $467.2K | +29.8% |
Summary: Brook Park Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 25.5%, and 5+ bedroom homes increased by 29.8%.
Median Sold Price Compared To Nearby Cities
| Brook Park | $240K | $292K | +21.7% |
| Brook Park Township | $264K | $294K | +11.4% |
| Brook Park | $264K | $292K | +10.6% |
Housing Supply in Brook Park Township, MN
How many homes are available in Brook Park Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Summary: The Brook Park Township real estate market had 17 homes for sale in October 2024, a 21.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Brook Park 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 20%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brook Park Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Brook Park Township in October 2024, up by 500.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Brook Park Township, MN
How long does it take to sell a home in Brook Park Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 42 Days | +129.5% |
Summary: Homes in Brook Park Township had an average of 42 days on market in Oct 2024, up by 129.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brook Park Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Brook Park 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.
