$445,000
Land
Listing Office: Keller Williams Integrity NW
Is Buffalo Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Buffalo Township has remained a Seller's Market.
Key Takeaway
Buffalo Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Buffalo Township, MN
How much do homes in Buffalo Township, MN cost?
Median Sold Price
$363,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$3,000(+0.8%)
Key Takeaway
Homes in Buffalo Township have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Buffalo Township was $363,000 in December 2024, up 0.8% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $345K | -16.9% |
| 2 Bedrooms | $265K | $282.5K | +6.6% |
| 3 Bedrooms | $328.2K | $330K | 0.5% |
| 4 Bedrooms | $389.9K | $391K | 0.3% |
| 5+ Bedrooms | $422.2K | $415K | -1.7% |
Summary: Buffalo Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.9%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Cities
| Saint Michael | $430K | $446.1K | +3.8% |
| Monticello Township | $344K | $355K | +3.2% |
| Buffalo Township | $360K | $363K | +0.8% |
| Buffalo | $360K | $363K | +0.8% |
Housing Supply in Buffalo Township, MN
How many homes are available in Buffalo Township, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 80 | 76 | -5.0% |
Summary: The Buffalo Township real estate market had 76 homes for sale in December 2024, a 5.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 35 | 30 | -14.3% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Buffalo Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Buffalo Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Buffalo Township in December 2024, down by 15.8% month-over-month. Of the 16 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Buffalo Township, MN
How long does it take to sell a home in Buffalo Township, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 53 Days | 34 Days | -34.4% |
Summary: Homes in Buffalo Township had an average of 34 days on market in Dec 2024, down by 34.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Buffalo Township are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 16 homes were sold in Buffalo Township; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
