$7,588 Closing Credit*
$639,000
1,696 SqFt
3 Beds
•2 Baths
#6616673, Scott Breidenbach, Listing Office: Beyond Realty
Is Cormorant Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Cormorant Township was a Neutral Market.
Key Takeaway
Cormorant Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cormorant Township, MN
How much do homes in Cormorant Township, MN cost?
Median Sold Price
$540,500
$324/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$244,500(-31.1%)
Key Takeaway
Homes in Cormorant Township have sold for 31.1% less than they did a month ago.
Summary: The median home sold price in Cormorant Township was $540,500 in November 2024, down 31.1% from last month, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $429.9K | N/A |
| 3 Bedrooms | $785K | $639K | -18.6% |
| 4 Bedrooms | - | $675K | N/A |
| 5+ Bedrooms | - | $442K | N/A |
Summary: Cormorant 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 decreased by 18.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cormorant Township | $785K | $540.5K | -31.1% |
| Lake Park Township | $667K | $446K | -33.1% |
Housing Supply in Cormorant Township, MN
How many homes are available in Cormorant Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Summary: The Cormorant Township real estate market had 12 homes for sale in November 2024, a 7.7% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Cormorant 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 remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cormorant Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Cormorant Township in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% 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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 64 Days | +181.5% |
Summary: Homes in Cormorant Township had an average of 64 days on market in Nov 2024, up by 181.5% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cormorant Township has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Cormorant Township; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
