$33,500
6.26 Acres
Land
Riley Lind, Listing Office: eXp Realty, LLC- MN
Is Fayal 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, Fayal Township has remained a Seller's Market.
Key Takeaway
Fayal Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fayal Township, MN
How much do homes in Fayal Township, MN cost?
Median Sold Price
$319,500
$190/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$113,000(-26.1%)
Key Takeaway
Homes in Fayal Township have sold for 26.1% less than they did a month ago.
Summary: The median home sold price in Fayal Township was $319,500 in October 2024, down 26.1% from last month, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $240K | N/A |
| 2 Bedrooms | $480K | $205K | -57.3% |
| 3 Bedrooms | $385K | - | N/A |
| 4 Bedrooms | - | $399K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Fayal 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 57.3%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Fayal Township, MN
How many homes are available in Fayal Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Summary: The Fayal Township real estate market had 9 homes for sale in October 2024, a 30.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fayal 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 66.7%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fayal Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Fayal Township in October 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Fayal Township, MN
How long does it take to sell a home in Fayal Township, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 61 Days | +502.4% |
Summary: Homes in Fayal Township had an average of 61 days on market in Oct 2024, up by 502.4% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Fayal Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 4 homes were sold in Fayal Township; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
