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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cedar Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Cedar Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Cedar Township, MN

How much do homes in Cedar Township, MN cost?

Median Sold Price

$447,500

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$37,500(+9.1%)

Key Takeaway

Homes in Cedar Township have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in Cedar Township was $447,500 in October 2024, up 9.1% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $342.5K$317.5K
-7.3%
3 $394.4K$407.4K
+3.3%
4 $446.2K$500K
+12.0%
5+ $468.2K$500K
+6.8%

Summary: Cedar 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 7.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 6.8%.

Housing Supply in Cedar Township, MN

How many homes are available in Cedar Township, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5262+19.2%

Summary: The Cedar Township real estate market had 62 homes for sale in October 2024, a 19.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 88
0.0%
3 1726
+52.9%
4 2524
-4.0%
5+ 24
+100.0%

Summary: The Cedar 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 increased by 52.9%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1116+45.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cedar Township, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Cedar Township in October 2024, up by 45.5% month-over-month. Of the 16 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% were sold over asking.

Days on Market for Cedar Township, MN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
32 Days29 Days-9.0%

Summary: Homes in Cedar Township had an average of 29 days on market in Oct 2024, down by 9% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cedar Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 16 homes were sold in Cedar Township; 56% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 6% 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 4 Days Ago

Newest Listings in Cedar Township, MN

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