Is Fort Ripley Township, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fort Ripley Township is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Fort Ripley Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Fort Ripley Township, MN

How much do homes in Fort Ripley Township, MN cost?

Median Sold Price

$325,000

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$38,750(-10.7%)

Key Takeaway

Homes in Fort Ripley Township have sold for 10.7% less than they did a year ago.

Summary: The median home sold price in Fort Ripley Township was $325,000 in December 2024, down 10.7% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $255K$267.5K
+4.9%
3 $280K$297.9K
+6.4%
4 $421.5K$552.4K
+31.1%
5+ $544.9K$317.5K
-41.7%

Summary: Fort Ripley Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 31.1%, and 5+ bedroom homes decreased by 41.7%.

Housing Supply in Fort Ripley Township, MN

How many homes are available in Fort Ripley Township, MN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
770.0%

Summary: The Fort Ripley Township real estate market had 7 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 43
-25.0%
4 12
+100.0%
5+ 01
+100.0%

Summary: The Fort Ripley Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fort Ripley Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Fort Ripley Township in December 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Fort Ripley Township, MN

How long does it take to sell a home in Fort Ripley Township, MN?

Average Sale Time

Dec 2023Dec 2024CHANGE
118 Days52 Days-55.9%

Summary: Homes in Fort Ripley Township had an average of 52 days on market in Dec 2024, down by 55.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 3 homes were sold in Fort Ripley Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 4 Days Ago

Newest Listings in Fort Ripley Township, MN

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