$2,683 Closing Credit*
$225,900
1,384 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: Top Notch Properties & Realty Services
Is Empire Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Empire Township has remained a Seller's Market.
Key Takeaway
Empire Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Empire Township, MN
How much do homes in Empire Township, MN cost?
Median Sold Price
$458,500
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$1,500(-0.3%)
Key Takeaway
The sold price of homes in Empire Township has remained the same since last year.
Summary: The median home sold price in Empire Township was $458,500 in November 2024, down 0.3% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $232K | $247.9K | +6.9% |
| 3 Bedrooms | $428K | $362K | -15.4% |
| 4 Bedrooms | $534.5K | $520K | -2.7% |
| 5+ Bedrooms | $493.5K | - | N/A |
Summary: Empire Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.9%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Farmington | $369.9K | $410.5K | +11.0% |
| Rosemount | $390K | $407.8K | +4.6% |
| Empire Township | $460K | $458.5K | -0.3% |
Housing Supply in Empire Township, MN
How many homes are available in Empire Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Summary: The Empire Township real estate market had 5 homes for sale in November 2024, a 28.6% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Empire Township 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, 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
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Empire Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Empire Township in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Empire Township, MN
How long does it take to sell a home in Empire Township, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 60 Days | 11 Days | -81.7% |
Summary: Homes in Empire Township had an average of 11 days on market in Nov 2024, down by 81.7% compared to last year.
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 Empire Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Empire 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.
