$960,000
Land
Listing Office: Zielsdorf Auction & Real Estate
Is Eagle Lake 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, Eagle Lake Township was a Neutral Market.
Key Takeaway
Eagle Lake Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Eagle Lake Township, MN
How much do homes in Eagle Lake Township, MN cost?
Median Sold Price
$350,000
$168/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$93,950(+36.7%)
Key Takeaway
Homes in Eagle Lake Township have sold for 36.7% more than they did a month ago.
Summary: The median home sold price in Eagle Lake Township was $350,000 in October 2024, up 36.7% from last month, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $349K | $360K | +3.2% |
| 3 Bedrooms | $163.1K | $300K | +83.9% |
| 4 Bedrooms | - | $347.6K | N/A |
| 5+ Bedrooms | - | $380K | N/A |
Summary: Eagle Lake 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 increased by 3.2%, 3 bedroom homes increased by 83.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Eagle Lake Township, MN
How many homes are available in Eagle Lake Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Summary: The Eagle Lake Township real estate market had 16 homes for sale in October 2024, a 14.3% increase 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Eagle Lake 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 increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eagle Lake Township, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Eagle Lake Township in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 60% were sold at asking, and 40% were sold over asking.
Days on Market for Eagle Lake Township, MN
How long does it take to sell a home in Eagle Lake Township, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 75 Days | +131.4% |
Summary: Homes in Eagle Lake Township had an average of 75 days on market in Oct 2024, up by 131.4% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Eagle Lake Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Eagle Lake Township; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
