$129,000
Land
Listing Office: Coldwell Banker Realty
Is Glencoe Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Glencoe Township has remained a Seller's Market.
Key Takeaway
Glencoe Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glencoe Township, MN
How much do homes in Glencoe Township, MN cost?
Median Sold Price
$244,900
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,650(+6.4%)
Key Takeaway
Homes in Glencoe Township have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Glencoe Township was $244,900 in October 2024, up 6.4% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $217.2K | $228.2K | +5.1% |
| 3 Bedrooms | $224.9K | $237.7K | +5.7% |
| 4 Bedrooms | $243.9K | $265K | +8.6% |
| 5+ Bedrooms | $300K | $423.2K | +41.1% |
Summary: Glencoe Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 41.1%.
Median Sold Price Compared To Nearby Cities
| Glencoe Township | $230.2K | $244.9K | +6.4% |
| Glencoe | $230.2K | $244.9K | +6.4% |
Housing Supply in Glencoe Township, MN
How many homes are available in Glencoe Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 33 | -17.5% |
Summary: The Glencoe Township real estate market had 33 homes for sale in October 2024, a 17.5% 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 | 11 | 9 | -18.2% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Glencoe 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 18.2%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 8 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glencoe Township, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Glencoe Township in October 2024, down by 42.9% month-over-month. Of the 8 sold homes, 13% were sold under asking, 25% were sold at asking, and 63% were sold over asking.
Days on Market for Glencoe Township, MN
How long does it take to sell a home in Glencoe Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 26 Days | +10.3% |
Summary: Homes in Glencoe Township had an average of 26 days on market in Oct 2024, up by 10.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Glencoe Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Glencoe Township; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
