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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Side Township is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, East Side Township was a Neutral Market.

Key Takeaway

East Side Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in East Side Township, MN

How much do homes in East Side Township, MN cost?

Median Sold Price

$271,250

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$92,000(-25.3%)

Key Takeaway

Homes in East Side Township have sold for 25.3% less than they did a year ago.

Summary: The median home sold price in East Side Township was $271,250 in October 2024, down 25.3% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $119.9K$68.9K
-42.5%
2 $397.4K$356.2K
-10.4%
3 $487.5K$331.9K
-31.9%
4 $260.4K$475K
+82.4%
5+ $455K$1.5M
+229.7%

Summary: East Side Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.5%, 2 bedroom homes decreased by 10.4%, 3 bedroom homes decreased by 31.9%, 4 bedroom homes increased by 82.4%, and 5+ bedroom homes increased by 229.7%.

Median Sold Price Compared To Nearby Cities

Lakeside Township
+46.0%
Isle
0.0%
Isle
-1.5%
East Side Township
-25.3%

Housing Supply in East Side Township, MN

How many homes are available in East Side Township, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1615-6.3%

Summary: The East Side Township real estate market had 15 homes for sale in October 2024, a 6.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 76
-14.3%
3 55
0.0%
4 10
-100.0%
5+ 11
0.0%

Summary: The East Side Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Side Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in East Side Township in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for East Side Township, MN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days20 Days+42.9%

Summary: Homes in East Side Township had an average of 20 days on market in Oct 2024, up by 42.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in East Side Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in East Side 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in East Side Township, MN

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