$5,641 Closing Credit*
$475,000
2,130 SqFt
4 Beds
•2 Full Baths
Listing Office: Premier Real Estate Services
Is Fort Ripley Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$304,950
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$65,050(-17.6%)
Key Takeaway
Homes in Fort Ripley Township have sold for 17.6% less than they did a year ago.
Summary: The median home sold price in Fort Ripley Township was $304,950 in November 2024, down 17.6% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $255K | $267.5K | +4.9% |
| 3 Bedrooms | $321.8K | $260K | -19.2% |
| 4 Bedrooms | $421.5K | $530K | +25.7% |
| 5+ Bedrooms | $459.9K | $317.5K | -31.0% |
Summary: Fort Ripley Township housing prices by bedroom type for November 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 decreased by 19.2%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes decreased by 31%.
Housing Supply in Fort Ripley Township, MN
How many homes are available in Fort Ripley Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Summary: The Fort Ripley Township real estate market had 7 homes for sale in November 2024, a 12.5% 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 | 2 | -33.3% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Fort Ripley 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fort Ripley Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Fort Ripley Township in November 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 32 Days | +8.5% |
Summary: Homes in Fort Ripley Township had an average of 32 days on market in Nov 2024, up by 8.5% compared to last year.
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 Fort Ripley Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Fort Ripley 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.
