$2,375 Closing Credit*
$200,000
861 SqFt
3 Beds
•1 Full Bath
Listing Office: Keller Williams Realty Integrity Northwest
Is Hutchinson Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Hutchinson Township was a Seller's Market.
Key Takeaway
Hutchinson Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Hutchinson Township, MN
How much do homes in Hutchinson Township, MN cost?
Median Sold Price
$270,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,033(+1.9%)
Key Takeaway
Homes in Hutchinson Township have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Hutchinson Township was $270,000 in November 2024, up 1.9% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $105.5K | N/A |
| 2 Bedrooms | $229.9K | $216K | -6.0% |
| 3 Bedrooms | $252K | $256.2K | +1.7% |
| 4 Bedrooms | $299.5K | $309K | +3.2% |
| 5+ Bedrooms | $385K | $376.1K | -2.3% |
Summary: Hutchinson 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 decreased by 6%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Cities
| Hutchinson Township | $264.9K | $270K | +1.9% |
| Hutchinson | $264.9K | $270K | +1.9% |
Housing Supply in Hutchinson Township, MN
How many homes are available in Hutchinson Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 72 | 70 | -2.8% |
Summary: The Hutchinson Township real estate market had 70 homes for sale in November 2024, a 2.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 35 | 33 | -5.7% |
| 4 Bedrooms | 26 | 27 | +3.8% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Hutchinson 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 16.7%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 11 | -47.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hutchinson Township, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Hutchinson Township in November 2024, down by 47.6% month-over-month. Of the 11 sold homes, 27% were sold under asking, 45% were sold at asking, and 27% were sold over asking.
Days on Market for Hutchinson Township, MN
How long does it take to sell a home in Hutchinson Township, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 31 Days | +48.9% |
Summary: Homes in Hutchinson Township had an average of 31 days on market in Nov 2024, up by 48.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hutchinson Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Hutchinson Township; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
