$6,769 Closing Credit*
$569,999
2,593 SqFt
5 Beds
•3 Full Baths
Listing Office: eXp Realty
Is Credit River Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Credit River Township has remained a Seller's Market.
Key Takeaway
Credit River Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Credit River Township, MN
How much do homes in Credit River Township, MN cost?
Median Sold Price
$825,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,000(+1.1%)
Key Takeaway
Homes in Credit River Township have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Credit River Township was $825,000 in October 2024, up 1.1% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $550K | N/A |
| 3 Bedrooms | $441K | $415K | -5.9% |
| 4 Bedrooms | $761.5K | $807.5K | +6.0% |
| 5+ Bedrooms | $950K | $1.2M | +26.4% |
Summary: Credit River 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 decreased by 5.9%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 26.4%.
Median Sold Price Compared To Nearby Cities
| Prior Lake | $475K | $513K | +8.0% |
| Spring Lake Township | $727.5K | $766.6K | +5.4% |
| Lakeville | $475K | $494.8K | +4.2% |
| Savage | $409.6K | $425K | +3.7% |
| Credit River Township | $816K | $825K | +1.1% |
Housing Supply in Credit River Township, MN
How many homes are available in Credit River Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 43 | -2.3% |
Summary: The Credit River Township real estate market had 43 homes for sale in October 2024, a 2.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 18 | 14 | -22.2% |
| 5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The Credit River 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 22.2%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Credit River Township, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Credit River Township in October 2024, down by 20.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Credit River Township, MN
How long does it take to sell a home in Credit River Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 26 Days | -35.3% |
Summary: Homes in Credit River Township had an average of 26 days on market in Oct 2024, down by 35.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Credit River Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Credit River Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
