$5,463 Closing Credit*
$460,000
2,168 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: M/I Homes
Is Jordan Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Jordan Township has remained a Seller's Market.
Key Takeaway
Jordan Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jordan Township, MN
How much do homes in Jordan Township, MN cost?
Median Sold Price
$399,995
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$20,775(-4.9%)
Key Takeaway
Homes in Jordan Township have sold for 4.9% less than they did a year ago.
Summary: The median home sold price in Jordan Township was $399,995 in September 2024, down 4.9% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $235K | $325.6K | +38.6% |
| 3 Bedrooms | $404.9K | $373.5K | -7.8% |
| 4 Bedrooms | $421.5K | $400.4K | -5.0% |
| 5+ Bedrooms | $432K | $540K | +25.0% |
Summary: Jordan Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 38.6%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
| Chatfield Township | $245K | $266K | +8.6% |
| Jordan Township | $420.7K | $399.9K | -4.9% |
Housing Supply in Jordan Township, MN
How many homes are available in Jordan Township, MN?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 66 | 59 | -10.6% |
Summary: The Jordan Township real estate market had 59 homes for sale in September 2024, a 10.6% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 19 | 13 | -31.6% |
| 4 Bedrooms | 24 | 24 | 0.0% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Jordan Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 31.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jordan Township, you could pay more than the asking price. 37.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Jordan Township in September 2024, down by 20.0% month-over-month. Of the 16 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.
Days on Market for Jordan Township, MN
How long does it take to sell a home in Jordan Township, MN?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 26 Days | 31 Days | +18.2% |
Summary: Homes in Jordan Township had an average of 31 days on market in Sep 2024, up by 18.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Jordan Township are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 16 homes were sold in Jordan Township; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
