$6,828 Closing Credit*
$575,000
1,434 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: KW Inspire Realty Keller Williams (Grand Forks)
Is Cormorant 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, Cormorant Township was a Neutral Market.
Key Takeaway
Cormorant Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cormorant Township, MN
How much do homes in Cormorant Township, MN cost?
Median Sold Price
$641,500
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$273,500(+74.3%)
Key Takeaway
Homes in Cormorant Township have sold for 74.3% more than they did a year ago.
Summary: The median home sold price in Cormorant Township was $641,500 in October 2024, up 74.3% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $295K | - | N/A |
| 3 Bedrooms | $399.9K | $471K | +17.8% |
| 4 Bedrooms | $849K | $960K | +13.1% |
| 5+ Bedrooms | $799.9K | $1.2M | +54.7% |
Summary: Cormorant 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 17.8%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 54.7%.
Median Sold Price Compared To Nearby Cities
| Cormorant Township | $368K | $641.5K | +74.3% |
| Lake Eunice Township | $552.5K | $540K | -2.3% |
| Audubon Township | $550K | $466K | -15.3% |
Housing Supply in Cormorant Township, MN
How many homes are available in Cormorant Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Summary: The Cormorant Township real estate market had 15 homes for sale in October 2024, a 6.3% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Cormorant 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 remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 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 Cormorant Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Cormorant Township in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Cormorant Township, MN
How long does it take to sell a home in Cormorant Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 23 Days | -43.9% |
Summary: Homes in Cormorant Township had an average of 23 days on market in Oct 2024, down by 43.9% compared to last year.
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
Key Takeaway
Many homes in Cormorant Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Cormorant Township; 50% 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.
