Is Cannon City Township, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cannon City Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Cannon City Township has remained a Seller's Market.

Key Takeaway

Cannon City Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cannon City Township, MN

How much do homes in Cannon City Township, MN cost?

Median Sold Price

$229,900

$287/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$195,100(-45.9%)

Key Takeaway

Homes in Cannon City Township have sold for 45.9% less than they did a month ago.

Summary: The median home sold price in Cannon City Township was $229,900 in December 2024, down 45.9% from last month, and the median price per square foot was $287.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 -$229.9K
N/A
3 --
N/A
4 --
N/A
5+ $425K-
N/A

Summary: Cannon City Township housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Cannon City Township, MN

How many homes are available in Cannon City Township, MN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
43-25.0%

Summary: The Cannon City Township real estate market had 3 homes for sale in December 2024, a 25.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 00
0.0%
4 00
0.0%
5+ 32
-33.3%

Summary: The Cannon City 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cannon City Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Cannon City Township in December 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Cannon City Township, MN

How long does it take to sell a home in Cannon City Township, MN?

Average Sale Time

Nov 2024Dec 2024CHANGE
74 Days76 Days+2.7%

Summary: Homes in Cannon City Township had an average of 76 days on market in Dec 2024, up by 2.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Cannon City Township has remained consistent over time.

Summary: During December 2024, 1 homes were sold in Cannon City Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Cannon City Township, MN

Nearby Markets to Cannon City Township, MN

What housing markets are near Cannon City Township, MN?