$7,707 Closing Credit*
$649,000
2,804 SqFt
5 Beds
•2 Full Baths
Listing Office: HOMESTEAD ROAD
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 October 2023
At the same time last year, Chisago Lake Township was a Seller's Market.
Key Takeaway
Chisago Lake 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 Chisago Lake Township, MN
How much do homes in Chisago Lake Township, MN cost?
Median Sold Price
$542,700
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,200(+6.9%)
Key Takeaway
Homes in Chisago Lake Township have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Chisago Lake Township was $542,700 in October 2024, up 6.9% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $377.4K | N/A |
| 2 Bedrooms | $471.5K | $402.5K | -14.6% |
| 3 Bedrooms | $400K | $488.5K | +22.1% |
| 4 Bedrooms | $640K | $617.5K | -3.5% |
| 5+ Bedrooms | $577.5K | $692.5K | +19.9% |
Summary: Chisago Lake 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 14.6%, 3 bedroom homes increased by 22.1%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 19.9%.
Median Sold Price Compared To Nearby Cities
| Chisago Lake Township | $507.5K | $542.7K | +6.9% |
| Lindstrom | $375K | $390K | +4.0% |
| Chisago City | $449.9K | $425K | -5.5% |
| Franconia Township | $510K | $480.9K | -5.7% |
Housing Supply in Chisago Lake Township, MN
How many homes are available in Chisago Lake Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 21 | +23.5% |
Summary: The Chisago Lake Township real estate market had 21 homes for sale in October 2024, a 23.5% 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 | 4 | 6 | +50.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Chisago Lake 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 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. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Chisago Lake Township in October 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 12 Days | -62.1% |
Summary: Homes in Chisago Lake Township had an average of 12 days on market in Oct 2024, down by 62.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 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 October 2024, 3 homes were sold in Chisago Lake 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.
