$3,206 Closing Credit*
$270,000
860 SqFt
2 Beds
•1 Full Bath
Listing Office: Exit Realty Nexus
Is Cambridge 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, Cambridge Township has remained a Seller's Market.
Key Takeaway
Cambridge Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cambridge Township, MN
How much do homes in Cambridge Township, MN cost?
Median Sold Price
$310,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$500(+0.2%)
Key Takeaway
The sold price of homes in Cambridge Township has remained the same since last year.
Summary: The median home sold price in Cambridge Township was $310,000 in October 2024, up 0.2% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $235.5K | +38.5% |
| 2 Bedrooms | $247.5K | $262.1K | +5.9% |
| 3 Bedrooms | $315K | $310K | -1.6% |
| 4 Bedrooms | $318.5K | $324K | +1.7% |
| 5+ Bedrooms | $383.5K | $359.7K | -6.2% |
Summary: Cambridge Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.5%, 2 bedroom homes increased by 5.9%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 6.2%.
Median Sold Price Compared To Nearby Cities
| Cambridge | $307.7K | $309.1K | 0.4% |
| Cambridge Township | $309.5K | $310K | 0.2% |
| Isanti Township | $330K | $329.9K | 0% |
| Stanchfield | $427.5K | $409.9K | -4.1% |
Housing Supply in Cambridge Township, MN
How many homes are available in Cambridge Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 101 | 108 | +6.9% |
Summary: The Cambridge Township real estate market had 108 homes for sale in October 2024, a 6.9% 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 | 24 | 25 | +4.2% |
| 3 Bedrooms | 49 | 51 | +4.1% |
| 4 Bedrooms | 23 | 27 | +17.4% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Cambridge 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 4.2%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 23 | -20.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cambridge Township, you could pay more than the asking price. 43.5% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Cambridge Township in October 2024, down by 20.7% month-over-month. Of the 23 sold homes, 35% were sold under asking, 22% were sold at asking, and 43% were sold over asking.
Days on Market for Cambridge Township, MN
How long does it take to sell a home in Cambridge Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 27 Days | -9.7% |
Summary: Homes in Cambridge Township had an average of 27 days on market in Oct 2024, down by 9.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cambridge Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in Cambridge Township; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
