$35,000
Land
Listing Office: Realty Executive Associates
Is Elgin 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, Elgin Township has remained a Seller's Market.
Key Takeaway
Elgin Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elgin Township, MN
How much do homes in Elgin Township, MN cost?
Median Sold Price
$182,200
$162/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$171,800(-48.5%)
Key Takeaway
Homes in Elgin Township have sold for 48.5% less than they did a month ago.
Summary: The median home sold price in Elgin Township was $182,200 in October 2024, down 48.5% from last month, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $182.2K | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $354K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Elgin 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Elgin Township | $354K | $182.2K | -48.5% |
| Elgin | $354K | $182.2K | -48.5% |
| Elgin | $354K | $182.2K | -48.5% |
Housing Supply in Elgin Township, MN
How many homes are available in Elgin Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Summary: The Elgin Township real estate market had 11 homes for sale in October 2024, a 10.0% 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 | 4 | +33.3% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Elgin 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 33.3%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Elgin Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Elgin Township in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Elgin Township, MN
How long does it take to sell a home in Elgin Township, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 16 Days | -20.0% |
Summary: Homes in Elgin Township had an average of 16 days on market in Oct 2024, down by 20% compared to last month.
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
Key Takeaway
Many homes in Elgin Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Elgin 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.
