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Listing Office: Gallery of Homes
Is Center 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, Center Township was a Seller's Market.
Key Takeaway
Center Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Center Township, MN
How much do homes in Center Township, MN cost?
Median Sold Price
$445,000
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$65,100(+17.1%)
Key Takeaway
Homes in Center Township have sold for 17.1% more than they did a year ago.
Summary: The median home sold price in Center Township was $445,000 in October 2024, up 17.1% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $211K | N/A |
| 2 Bedrooms | $190K | - | N/A |
| 3 Bedrooms | $322.2K | $437.5K | +35.8% |
| 4 Bedrooms | $560K | $555K | -0.9% |
| 5+ Bedrooms | $480K | - | N/A |
Summary: Center 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 did not change, 3 bedroom homes increased by 35.8%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Center Township | $379.9K | $445K | +17.1% |
| Merrifield | $447.5K | $425K | -5.0% |
Housing Supply in Center Township, MN
How many homes are available in Center Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Summary: The Center Township real estate market had 12 homes for sale in October 2024, a 20.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Center Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Center Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Center Township in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Center Township, MN
How long does it take to sell a home in Center Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 69 Days | +762.5% |
Summary: Homes in Center Township had an average of 69 days on market in Oct 2024, up by 762.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Center Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Center Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
