$78,000
Land
Listing Office: Edina Realty
Is Green Lake Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Green Lake Township has remained a Seller's Market.
Key Takeaway
Green Lake Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Green Lake Township, MN
How much do homes in Green Lake Township, MN cost?
Median Sold Price
$450,000
$166/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$166,000(-26.9%)
Key Takeaway
Homes in Green Lake Township have sold for 26.9% less than they did a month ago.
Summary: The median home sold price in Green Lake Township was $450,000 in November 2024, down 26.9% from last month, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $262K | N/A |
| 4 Bedrooms | $385K | $638K | +65.7% |
| 5+ Bedrooms | $847K | - | N/A |
Summary: Green Lake 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 65.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Irving Township | $384.7K | $402.4K | +4.6% |
| Green Lake Township | $616K | $450K | -26.9% |
Housing Supply in Green Lake Township, MN
How many homes are available in Green Lake Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Summary: The Green Lake Township real estate market had 7 homes for sale in November 2024, a 22.2% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Green Lake 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 remained the same, 4 bedroom homes decreased by 25%, 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
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Green Lake Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Green Lake Township in November 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Green Lake Township, MN
How long does it take to sell a home in Green Lake Township, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 4 Days | -89.7% |
Summary: Homes in Green Lake Township had an average of 4 days on market in Nov 2024, down by 89.7% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Green Lake Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Green Lake Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
