Is Kerrick 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, Kerrick Township has remained a Seller's Market.
Key Takeaway
Kerrick Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kerrick Township, MN
How much do homes in Kerrick Township, MN cost?
Median Sold Price
$167,500
$338/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
Key Takeaway
Homes in Kerrick Township have sold for 70.6% less than they did a month ago.
Summary: The median home sold price in Kerrick Township was $167,500 in November 2024, down 70.6% from last month, and the median price per square foot was $338.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $108K | $90K | -16.7% |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $245K | N/A |
| 4 Bedrooms | $570K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Kerrick Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 16.7%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Kerrick Township | $570K | $167.5K | -70.6% |
| Kerrick | $570K | $90K | -84.2% |
Housing Supply in Kerrick Township, MN
How many homes are available in Kerrick Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Summary: The Kerrick Township real estate market had 3 homes for sale in November 2024, a 50.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 2 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Kerrick Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Kerrick 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 Kerrick Township in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Kerrick Township, MN
How long does it take to sell a home in Kerrick Township, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 70 Days | 44 Days | -37.0% |
Summary: Homes in Kerrick Township had an average of 44 days on market in Nov 2024, down by 37% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kerrick Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Kerrick Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
