$9,500 Closing Credit*
$799,999
3,876 SqFt
5 Beds
•2 Full Baths
Listing Office: Bridge Realty, LLC
Is Cedar Lake Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Cedar Lake Township was a Seller's Market.
Key Takeaway
Cedar Lake Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cedar Lake Township, MN
How much do homes in Cedar Lake Township, MN cost?
Median Sold Price
$834,950
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$167,850(+25.2%)
Key Takeaway
Homes in Cedar Lake Township have sold for 25.2% more than they did a year ago.
Summary: The median home sold price in Cedar Lake Township was $834,950 in October 2024, up 25.2% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $497K | $450K | -9.5% |
| 3 Bedrooms | $675K | $625K | -7.4% |
| 4 Bedrooms | $639.2K | $915K | +43.1% |
| 5+ Bedrooms | $735K | $867K | +18.0% |
Summary: Cedar Lake Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.5%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 43.1%, and 5+ bedroom homes increased by 18%.
Median Sold Price Compared To Nearby Cities
| Cedar Lake Township | $667.1K | $834.9K | +25.2% |
| New Prague | $365K | $376.5K | +3.2% |
| New Market Township | $624K | $625K | 0.2% |
Housing Supply in Cedar Lake Township, MN
How many homes are available in Cedar Lake Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Summary: The Cedar Lake Township real estate market had 11 homes for sale in October 2024, a 22.2% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Cedar Lake 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Lake Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Cedar Lake Township in October 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Cedar Lake Township, MN
How long does it take to sell a home in Cedar Lake Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 17 Days | -8.1% |
Summary: Homes in Cedar Lake Township had an average of 17 days on market in Oct 2024, down by 8.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cedar Lake Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Cedar Lake Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
