$8,906 Closing Credit*
$750,000
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 November 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
$830,000
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$162,900(+24.4%)
Key Takeaway
Homes in Cedar Lake Township have sold for 24.4% more than they did a year ago.
Summary: The median home sold price in Cedar Lake Township was $830,000 in November 2024, up 24.4% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $497K | $450K | -9.5% |
| 3 Bedrooms | $750K | $487.5K | -35.0% |
| 4 Bedrooms | $632.1K | $906K | +43.3% |
| 5+ Bedrooms | $735K | $848.5K | +15.4% |
Summary: Cedar Lake Township housing prices by bedroom type for November 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 35%, 4 bedroom homes increased by 43.3%, and 5+ bedroom homes increased by 15.4%.
Median Sold Price Compared To Nearby Cities
| Cedar Lake Township | $667.1K | $830K | +24.4% |
| New Prague | $365K | $376.5K | +3.2% |
Housing Supply in Cedar Lake Township, MN
How many homes are available in Cedar Lake Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Summary: The Cedar Lake Township real estate market had 10 homes for sale in November 2024, a 9.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Cedar Lake 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 remained the same, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Lake 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 Cedar Lake Township in November 2024, down by 50.0% month-over-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 Cedar Lake Township, MN
How long does it take to sell a home in Cedar Lake Township, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 116 Days | +461.3% |
Summary: Homes in Cedar Lake Township had an average of 116 days on market in Nov 2024, up by 461.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Cedar Lake Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 1 homes were sold in Cedar Lake Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
