$5,936 Closing Credit*
$499,900
2,438 SqFt
4 Beds
•2 Full Baths
Listing Office: Century 21 Brainerd Realty
Is Lake Edward 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, Lake Edward Township was a Seller's Market.
Key Takeaway
Lake Edward Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lake Edward Township, MN
How much do homes in Lake Edward Township, MN cost?
Median Sold Price
$390,000
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$74,500(-16.0%)
Key Takeaway
Homes in Lake Edward Township have sold for 16% less than they did a year ago.
Summary: The median home sold price in Lake Edward Township was $390,000 in November 2024, down 16% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $381K | +21.0% |
| 2 Bedrooms | $332.5K | $290K | -12.8% |
| 3 Bedrooms | $459K | $400K | -12.9% |
| 4 Bedrooms | $640.5K | $737.5K | +15.1% |
| 5+ Bedrooms | $397.5K | $615K | +54.7% |
Summary: Lake Edward Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21%, 2 bedroom homes decreased by 12.8%, 3 bedroom homes decreased by 12.9%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 54.7%.
Median Sold Price Compared To Nearby Cities
| Center Township | $379.9K | $445K | +17.1% |
| Merrifield | $459K | $430K | -6.3% |
| Nisswa | $632.5K | $575K | -9.1% |
| Lake Edward Township | $464.5K | $390K | -16.0% |
Housing Supply in Lake Edward Township, MN
How many homes are available in Lake Edward Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The Lake Edward Township real estate market had 15 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lake Edward 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 remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Edward Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Lake Edward Township in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Lake Edward Township, MN
How long does it take to sell a home in Lake Edward Township, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 3 Days | -78.9% |
Summary: Homes in Lake Edward Township had an average of 3 days on market in Nov 2024, down by 78.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Edward Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Lake Edward 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.
