$3,264 Closing Credit*
$274,900
2,015 SqFt
3 Beds
•1 Full Bath
Listing Office: Coldwell Banker Crown Realtors
Is Deerwood Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Deerwood Township has remained a Seller's Market.
Key Takeaway
Deerwood Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Deerwood Township, MN
How much do homes in Deerwood Township, MN cost?
Median Sold Price
$939,000
$506/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$694,000(+283.3%)
Key Takeaway
Homes in Deerwood Township have sold for 283.3% more than they did a month ago.
Summary: The median home sold price in Deerwood Township was $939,000 in October 2024, up 283.3% from last month, and the median price per square foot was $506.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $271K | - | N/A |
| 3 Bedrooms | $301K | $940K | +212.3% |
| 4 Bedrooms | - | $1.0M | N/A |
| 5+ Bedrooms | $235K | $420K | +78.7% |
Summary: Deerwood Township housing prices by bedroom type for October 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 increased by 212.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 78.7%.
Median Sold Price Compared To Nearby Cities
| Deerwood Township | $245K | $939K | +283.3% |
| Deerwood | $245K | $939K | +283.3% |
| Bay Lake Township | $297K | $1.0M | +244.4% |
Housing Supply in Deerwood Township, MN
How many homes are available in Deerwood Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 30 | -11.8% |
Summary: The Deerwood Township real estate market had 30 homes for sale in October 2024, a 11.8% 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 | 11 | 12 | +9.1% |
| 3 Bedrooms | 14 | 11 | -21.4% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Deerwood 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 9.1%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Deerwood Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Deerwood Township in October 2024, down by 11.1% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Deerwood Township, MN
How long does it take to sell a home in Deerwood Township, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 11 Days | -77.0% |
Summary: Homes in Deerwood Township had an average of 11 days on market in Oct 2024, down by 77% compared to last month.
Breakdown of Home Sale Times
8 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 Deerwood Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Deerwood 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.
