$5,332 Closing Credit*
$449,000
955 SqFt
2 Beds
•1 Bath
Listing Office: Coldwell Banker Realty
Is Ideal 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, Ideal Township was a Seller's Market.
Key Takeaway
Ideal Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ideal Township, MN
How much do homes in Ideal Township, MN cost?
Median Sold Price
$425,000
$243/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$138,950(-24.6%)
Key Takeaway
Homes in Ideal Township have sold for 24.6% less than they did a month ago.
Summary: The median home sold price in Ideal Township was $425,000 in October 2024, down 24.6% from last month, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $520K | N/A |
| 2 Bedrooms | - | $185K | N/A |
| 3 Bedrooms | $471.5K | - | N/A |
| 4 Bedrooms | $3.1M | $425K | -86.3% |
| 5+ Bedrooms | $529.9K | - | N/A |
Summary: Ideal Township housing prices by bedroom type for October 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 decreased by 86.3%, and 5+ bedroom homes did not change.
Housing Supply in Ideal Township, MN
How many homes are available in Ideal Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 37 | +5.7% |
Summary: The Ideal Township real estate market had 37 homes for sale in October 2024, a 5.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 4 | +300.0% |
| 3 Bedrooms | 18 | 16 | -11.1% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Ideal 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 increased by 300%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ideal Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Ideal Township in October 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Ideal Township, MN
How long does it take to sell a home in Ideal Township, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 191 Days | +234.1% |
Summary: Homes in Ideal Township had an average of 191 days on market in Oct 2024, up by 234.1% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ideal Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Ideal Township; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
