$5,344 Closing Credit*
$450,000
2,026 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: eXp Realty
Is Franconia 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, Franconia Township was a Seller's Market.
Key Takeaway
Franconia Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Franconia Township, MN
How much do homes in Franconia Township, MN cost?
Median Sold Price
$895,000
$291/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$480,000(+115.7%)
Key Takeaway
Homes in Franconia Township have sold for 115.7% more than they did a month ago.
Summary: The median home sold price in Franconia Township was $895,000 in November 2024, up 115.7% from last month, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $362.5K | - | N/A |
| 4 Bedrooms | $450K | $895K | +98.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Franconia 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 did not change, 4 bedroom homes increased by 98.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Franconia Township | $415K | $895K | +115.7% |
| Farmington | $281.9K | $432.5K | +53.4% |
Housing Supply in Franconia Township, MN
How many homes are available in Franconia Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Summary: The Franconia Township real estate market had 8 homes for sale in November 2024, a 27.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Franconia 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 decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franconia Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Franconia Township in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Franconia Township, MN
How long does it take to sell a home in Franconia Township, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 75 Days | 61 Days | -18.7% |
Summary: Homes in Franconia Township had an average of 61 days on market in Nov 2024, down by 18.7% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Franconia Township has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Franconia Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
