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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chengwatana Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Chengwatana Township was a Neutral Market.

Key Takeaway

Chengwatana Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Chengwatana Township, MN

How much do homes in Chengwatana Township, MN cost?

Median Sold Price

$325,000

$232/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$15,000(-4.4%)

Key Takeaway

Homes in Chengwatana Township have sold for 4.4% less than they did a month ago.

Summary: The median home sold price in Chengwatana Township was $325,000 in November 2024, down 4.4% from last month, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$325K
N/A
3 --
N/A
4 $340K-
N/A
5+ --
N/A

Summary: Chengwatana Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Chengwatana Township, MN

How many homes are available in Chengwatana Township, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
68+33.3%

Summary: The Chengwatana Township real estate market had 8 homes for sale in November 2024, a 33.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 23
+50.0%
3 01
+100.0%
4 43
-25.0%
5+ 00
0.0%

Summary: The Chengwatana Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chengwatana Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Chengwatana Township in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Chengwatana Township, MN

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

Average Sale Time

Oct 2024Nov 2024CHANGE
14 Days8 Days-42.9%

Summary: Homes in Chengwatana Township had an average of 8 days on market in Nov 2024, down by 42.9% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 1 homes were sold in Chengwatana 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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