$701 Closing Credit*
$59,000
1,120 SqFt
2 Beds
•1 Full Bath
Listing Office: Move It Real Estate/Lakehomes.com
Is Chisago 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
Since last year, Chisago Lake Township has remained a Seller's Market.
Key Takeaway
Chisago Lake Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chisago Lake Township, MN
How much do homes in Chisago Lake Township, MN cost?
Median Sold Price
$530,200
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,200(+2.0%)
Key Takeaway
Homes in Chisago Lake Township have sold for 2% more than they did a year ago.
Summary: The median home sold price in Chisago Lake Township was $530,200 in November 2024, up 2% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $377.4K | N/A |
| 2 Bedrooms | $471.5K | $402.5K | -14.6% |
| 3 Bedrooms | $412.5K | $491K | +19.0% |
| 4 Bedrooms | $678K | $610K | -10.0% |
| 5+ Bedrooms | $577.5K | $692.5K | +19.9% |
Summary: Chisago 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 14.6%, 3 bedroom homes increased by 19%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 19.9%.
Median Sold Price Compared To Nearby Cities
| Lindstrom | $379.4K | $390K | +2.8% |
| Chisago Lake Township | $520K | $530.2K | +2.0% |
| Chisago City | $427.5K | $425K | -0.6% |
Housing Supply in Chisago Lake Township, MN
How many homes are available in Chisago Lake Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Summary: The Chisago Lake Township real estate market had 16 homes for sale in November 2024, a 5.9% 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 | 6 | 3 | -50.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Chisago 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 decreased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chisago Lake Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Chisago Lake Township in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Chisago Lake Township, MN
How long does it take to sell a home in Chisago Lake Township, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 80 Days | +116.2% |
Summary: Homes in Chisago Lake Township had an average of 80 days on market in Nov 2024, up by 116.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chisago Lake Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Chisago Lake Township; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
