$4,738 Closing Credit*
$399,000
1,157 SqFt
2 Beds
•1 Full Bath
Listing Office: Central MN Realty LLC
Is Glenwood 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, Glenwood Township has remained a Seller's Market.
Key Takeaway
Glenwood Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glenwood Township, MN
How much do homes in Glenwood Township, MN cost?
Median Sold Price
$297,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$47,000(+18.8%)
Key Takeaway
Homes in Glenwood Township have sold for 18.8% more than they did a year ago.
Summary: The median home sold price in Glenwood Township was $297,000 in October 2024, up 18.8% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $278.7K | $180K | -35.4% |
| 2 Bedrooms | $241.5K | $210K | -13.0% |
| 3 Bedrooms | $209.2K | $321K | +53.4% |
| 4 Bedrooms | $332.5K | $322.5K | -3.0% |
| 5+ Bedrooms | $362.5K | $750K | +106.9% |
Summary: Glenwood Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.4%, 2 bedroom homes decreased by 13%, 3 bedroom homes increased by 53.4%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 106.9%.
Median Sold Price Compared To Nearby Cities
| Glenwood Township | $250K | $297K | +18.8% |
| Glenwood | $249.9K | $290K | +16.0% |
Housing Supply in Glenwood Township, MN
How many homes are available in Glenwood Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 28 | -33.3% |
Summary: The Glenwood Township real estate market had 28 homes for sale in October 2024, a 33.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 9 | 4 | -55.6% |
| 3 Bedrooms | 17 | 12 | -29.4% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Glenwood 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 55.6%, 3 bedroom homes decreased by 29.4%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 6 | -62.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glenwood Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Glenwood Township in October 2024, down by 62.5% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Glenwood Township, MN
How long does it take to sell a home in Glenwood Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 82 Days | +146.6% |
Summary: Homes in Glenwood Township had an average of 82 days on market in Oct 2024, up by 146.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Glenwood Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 6 homes were sold in Glenwood Township; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
