$9,500 Closing Credit*
$800,000
2,971 SqFt
4 Beds
•2 Full Baths
Listing Office: Edina Realty, Inc.
Is Forest 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, Forest Township has remained a Seller's Market.
Key Takeaway
Forest Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Forest Township, MN
How much do homes in Forest Township, MN cost?
Median Sold Price
$757,450
$257/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$409,950(+118.0%)
Key Takeaway
Homes in Forest Township have sold for 118% more than they did a month ago.
Summary: The median home sold price in Forest Township was $757,450 in October 2024, up 118% from last month, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $335K | - | N/A |
| 3 Bedrooms | - | $757.4K | N/A |
| 4 Bedrooms | $525K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Forest 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Forest Township | $347.5K | $757.4K | +118.0% |
| Webster Township | $593K | $1.2M | +106.6% |
Housing Supply in Forest Township, MN
How many homes are available in Forest Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The Forest Township real estate market had 11 homes for sale in October 2024, a 8.3% 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 | 3 | 1 | -66.7% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Forest 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 increased by 50%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Forest Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Forest Township in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Forest Township, MN
How long does it take to sell a home in Forest Township, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 32 Days | -8.5% |
Summary: Homes in Forest Township had an average of 32 days on market in Oct 2024, down by 8.5% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Forest Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Forest Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
