$5,581 Closing Credit*
$469,999
2,416 SqFt
4 Beds
•1 Full Bath
Listing Office: Realty Group LLC
Is Buffalo Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$365,666
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,666(+3.0%)
Key Takeaway
Homes in Buffalo Township have sold for 3% more than they did a year ago.
Summary: The median home sold price in Buffalo Township was $365,666 in November 2024, up 3% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $345K | -16.9% |
| 2 Bedrooms | $265K | $282.5K | +6.6% |
| 3 Bedrooms | $326.5K | $326K | -0.2% |
| 4 Bedrooms | $389.9K | $394K | +1.1% |
| 5+ Bedrooms | $434.9K | $415K | -4.6% |
Summary: Buffalo Township housing prices by bedroom type for November 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 decreased by 0.2%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 4.6%.
Median Sold Price Compared To Nearby Cities
| Buffalo Township | $355K | $365.6K | +3.0% |
| Buffalo | $356.3K | $365K | +2.4% |
| Saint Michael | $431.4K | $439.9K | +2.0% |
| Monticello Township | $344.3K | $350K | +1.6% |
Housing Supply in Buffalo Township, MN
How many homes are available in Buffalo Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 100 | 86 | -14.0% |
Summary: The Buffalo Township real estate market had 86 homes for sale in November 2024, a 14.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 44 | 38 | -13.6% |
| 4 Bedrooms | 27 | 22 | -18.5% |
| 5+ Bedrooms | 17 | 14 | -17.6% |
Summary: The Buffalo 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 decreased by 13.6%, 4 bedroom homes decreased by 18.5%, and 5+ bedroom homes decreased by 17.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 19 | -50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Buffalo Township, expect to pay close to the asking price. 36.8% of homes here sold near the asking price last month.
Summary: A total of 19 homes were sold or pending in Buffalo Township in November 2024, down by 50.0% month-over-month. Of the 19 sold homes, 32% were sold under asking, 37% were sold at asking, and 32% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 38 Days | -12.1% |
Summary: Homes in Buffalo Township had an average of 38 days on market in Nov 2024, down by 12.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 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 November 2024, 19 homes were sold in Buffalo Township; 53% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
