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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cotton Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Cotton Township has remained a Seller's Market.

Key Takeaway

Cotton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cotton Township, MN

How much do homes in Cotton Township, MN cost?

Median Sold Price

$350,000

$151/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$12,500(-3.4%)

Key Takeaway

Homes in Cotton Township have sold for 3.4% less than they did a month ago.

Summary: The median home sold price in Cotton Township was $350,000 in November 2024, down 3.4% from last month, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $260K-
N/A
3 $465K$350K
-24.7%
4 --
N/A
5+ --
N/A

Summary: Cotton 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 24.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Whiteface Reservoir
+29.0%
Cotton Township
-3.4%
Cotton
-3.4%

Housing Supply in Cotton Township, MN

How many homes are available in Cotton Township, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
75-28.6%

Summary: The Cotton Township real estate market had 5 homes for sale in November 2024, a 28.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 54
-20.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Cotton 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 decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 2 homes were sold or pending in Cotton Township in November 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Cotton Township, MN

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

Average Sale Time

Oct 2024Nov 2024CHANGE
19 Days77 Days+294.9%

Summary: Homes in Cotton Township had an average of 77 days on market in Nov 2024, up by 294.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Cotton Township has remained consistent over time.

Summary: During November 2024, 2 homes were sold in Cotton Township; 0% of homes were sold within 30 days, 100% 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 22 Days Ago

Newest Listings in Cotton Township, MN

Nearby Markets to Cotton Township, MN