$10,000 Closing Credit*
$1,899,900
1,308 SqFt
2 Beds
•1 Full Bath
Listing Office: RE/MAX Results
Is Fairview 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, Fairview Township has remained a Seller's Market.
Key Takeaway
Fairview Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairview Township, MN
How much do homes in Fairview Township, MN cost?
Median Sold Price
$901,000
$461/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$249,000(-21.7%)
Key Takeaway
Homes in Fairview Township have sold for 21.7% less than they did a month ago.
Summary: The median home sold price in Fairview Township was $901,000 in October 2024, down 21.7% from last month, and the median price per square foot was $461.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $425K | $1.2M | +194.1% |
| 4 Bedrooms | $1.1M | $552K | -52.0% |
| 5+ Bedrooms | $1.4M | - | N/A |
Summary: Fairview 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 increased by 194.1%, 4 bedroom homes decreased by 52%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Fairview Township | $1.1M | $901K | -21.7% |
| East Gull Lake | $990K | $647.9K | -34.6% |
Housing Supply in Fairview Township, MN
How many homes are available in Fairview Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The Fairview Township real estate market had 8 homes for sale in October 2024, a 11.1% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Fairview 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 remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
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 Fairview 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 Fairview Township in October 2024, down by 33.3% month-over-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 Fairview Township, MN
How long does it take to sell a home in Fairview Township, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 120 Days | 13 Days | -88.8% |
Summary: Homes in Fairview Township had an average of 13 days on market in Oct 2024, down by 88.8% 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 Fairview Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Fairview 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.
