$3,551 Closing Credit*
$299,000
1,424 SqFt
2 Beds
•1 Full Bath
Listing Office: Realty Group LLC
Is East Gull Lake, 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, East Gull Lake was a Seller's Market.
Key Takeaway
East Gull Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Gull Lake, MN
How much do homes in East Gull Lake, MN cost?
Median Sold Price
$995,000
$752/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$347,100(+53.6%)
Key Takeaway
Homes in East Gull Lake have sold for 53.6% more than they did a month ago.
Summary: The median home sold price in East Gull Lake was $995,000 in November 2024, up 53.6% from last month, and the median price per square foot was $752.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $542.5K | $995K | +83.4% |
| 4 Bedrooms | $647.9K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: East Gull Lake 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 increased by 83.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| East Gull Lake | $647.9K | $995K | +53.6% |
| Lake Shore | $668.2K | $506.2K | -24.2% |
| Fairview Township | $901K | $547.5K | -39.2% |
Housing Supply in East Gull Lake, MN
How many homes are available in East Gull Lake, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Summary: The East Gull Lake real estate market had 13 homes for sale in November 2024, a 7.1% 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 | 2 | +100.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The East Gull Lake 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 increased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East Gull Lake, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in East Gull Lake in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for East Gull Lake, MN
How long does it take to sell a home in East Gull Lake, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 Days | 4 Days | -94.0% |
Summary: Homes in East Gull Lake had an average of 4 days on market in Nov 2024, down by 94% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Gull Lake are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in East Gull Lake; 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.
