$5,938 Closing Credit*
$500,000
1,732 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Oak Realty LLP
Is Forest Prairie 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, Forest Prairie Township was a Neutral Market.
Key Takeaway
Forest Prairie Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Forest Prairie Township, MN
How much do homes in Forest Prairie Township, MN cost?
Median Sold Price
$418,000
$211/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$93,000(+28.6%)
Key Takeaway
Homes in Forest Prairie Township have sold for 28.6% more than they did a month ago.
Summary: The median home sold price in Forest Prairie Township was $418,000 in November 2024, up 28.6% from last month, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $299K | N/A |
| 3 Bedrooms | $325K | $465K | +43.1% |
| 4 Bedrooms | - | $418K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Forest Prairie 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 increased by 43.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Forest Prairie Township | $325K | $418K | +28.6% |
| Watkins | $325K | $358.5K | +10.3% |
Housing Supply in Forest Prairie Township, MN
How many homes are available in Forest Prairie Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Summary: The Forest Prairie Township real estate market had 6 homes for sale in November 2024, a 14.3% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Forest Prairie 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Forest Prairie Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Forest Prairie Township in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Forest Prairie Township, MN
How long does it take to sell a home in Forest Prairie Township, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 8 Days | -70.1% |
Summary: Homes in Forest Prairie Township had an average of 8 days on market in Nov 2024, down by 70.1% compared to last month.
Breakdown of Home Sale Times
3 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 Forest Prairie Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Forest Prairie 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.
