$6,472 Closing Credit*
$545,000
2,301 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: RE/MAX Results
Is Cedar 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, 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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $342.5K | $317.5K | -7.3% |
| 3 Bedrooms | $394.4K | $407.4K | +3.3% |
| 4 Bedrooms | $446.2K | $500K | +12.0% |
| 5+ Bedrooms | $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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 63 | +18.9% |
Summary: The Cedar Township real estate market had 63 homes for sale in October 2024, a 18.9% 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 | 8 | 8 | 0.0% |
| 3 Bedrooms | 18 | 27 | +50.0% |
| 4 Bedrooms | 25 | 24 | -4.0% |
| 5+ Bedrooms | 2 | 4 | +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 50%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 16 | +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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 29 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
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.
