Is Fawn Lake Township, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fawn Lake Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Fawn Lake Township has remained a Seller's Market.

Key Takeaway

Fawn Lake Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Fawn Lake Township, MN

How much do homes in Fawn Lake Township, MN cost?

Median Sold Price

$195,000

$267/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$18,450(-8.6%)

Key Takeaway

Homes in Fawn Lake Township have sold for 8.6% less than they did a month ago.

Summary: The median home sold price in Fawn Lake Township was $195,000 in November 2024, down 8.6% from last month, and the median price per square foot was $267.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$195K
N/A
2 $277K-
N/A
3 --
N/A
4 --
N/A
5+ $149.9K-
N/A

Summary: Fawn Lake Township housing prices by bedroom type for November 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.

Housing Supply in Fawn Lake Township, MN

How many homes are available in Fawn Lake Township, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
32-33.3%

Summary: The Fawn Lake Township real estate market had 2 homes for sale in November 2024, a 33.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 10
-100.0%
3 01
+100.0%
4 00
0.0%
5+ 10
-100.0%

Summary: The Fawn Lake 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 100%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fawn Lake Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Fawn Lake Township in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Fawn Lake Township, MN

How long does it take to sell a home in Fawn Lake Township, MN?

Average Sale Time

Oct 2024Nov 2024CHANGE
27 Days18 Days-34.5%

Summary: Homes in Fawn Lake Township had an average of 18 days on market in Nov 2024, down by 34.5% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 1 homes were sold in Fawn Lake 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 21 Days Ago

Newest Listings in Fawn Lake Township, MN

Nearby Markets to Fawn Lake Township, MN

What housing markets are near Fawn Lake Township, MN?