$10,000 Closing Credit*
$1,199,000
2,728 SqFt
3 Beds
•1 Full Bath
Kerry Davis, Listing Office: Canoe Capital Realty, LLC
Is Fall Lake Township, 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, Fall Lake Township was a Buyer's Market.
Key Takeaway
Fall Lake Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fall Lake Township, MN
How much do homes in Fall Lake Township, MN cost?
Median Sold Price
$788,683
$259/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$106,683(+15.6%)
Key Takeaway
Homes in Fall Lake Township have sold for 15.6% more than they did a month ago.
Summary: The median home sold price in Fall Lake Township was $788,683 in October 2024, up 15.6% from last month, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $682K | $255K | -62.6% |
| 3 Bedrooms | - | $677.3K | N/A |
| 4 Bedrooms | - | $900K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Fall Lake 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 decreased by 62.6%, 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
| Morse Township | $257K | $732K | +184.8% |
| Fall Lake Township | $682K | $788.6K | +15.6% |
Housing Supply in Fall Lake Township, MN
How many homes are available in Fall Lake Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 19 | -9.5% |
Summary: The Fall Lake Township real estate market had 19 homes for sale in October 2024, a 9.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fall Lake 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 decreased by 12.5%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fall Lake Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Fall Lake Township in October 2024, up by 400.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Fall Lake Township, MN
How long does it take to sell a home in Fall Lake Township, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 Days | 137 Days | +4466.7% |
Summary: Homes in Fall Lake Township had an average of 137 days on market in Oct 2024, up by 4466.7% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fall Lake Township has remained consistent over time.
Summary: During October 2024, 5 homes were sold in Fall Lake Township; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
