$2,518 Closing Credit*
$212,000
1,287 SqFt
3 Beds
•2 Full Baths
Listing Office: VoigtJohnson
Is Lake Lillian Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Lake Lillian Township has remained a Seller's Market.
Key Takeaway
Lake Lillian Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Lillian Township, MN
How much do homes in Lake Lillian Township, MN cost?
Median Sold Price
$200,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$50,000(-20.0%)
Key Takeaway
Homes in Lake Lillian Township have sold for 20% less than they did a year ago.
Summary: The median home sold price in Lake Lillian Township was $200,000 in August 2024, down 20% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $399K | +128.0% |
| 2 Bedrooms | $225K | $280.2K | +24.6% |
| 3 Bedrooms | $197.2K | $235K | +19.1% |
| 4 Bedrooms | $428.5K | $200K | -53.3% |
| 5+ Bedrooms | $480K | $180K | -62.5% |
Summary: Lake Lillian Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 128%, 2 bedroom homes increased by 24.6%, 3 bedroom homes increased by 19.1%, 4 bedroom homes decreased by 53.3%, and 5+ bedroom homes decreased by 62.5%.
Median Sold Price Compared To Nearby Cities
| Lake Lillian Township | $250K | $200K | -20.0% |
| Lake Lillian | $250K | $200K | -20.0% |
Housing Supply in Lake Lillian Township, MN
How many homes are available in Lake Lillian Township, MN?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Summary: The Lake Lillian Township real estate market had 7 homes for sale in August 2024, a 16.7% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Lake Lillian Township housing inventory by bedroom type for August 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 increased by 100%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
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 Lake Lillian 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 Lake Lillian Township in August 2024, the same as the previous 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 Lake Lillian Township, MN
How long does it take to sell a home in Lake Lillian Township, MN?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 61 Days | 13 Days | -77.9% |
Summary: Homes in Lake Lillian Township had an average of 13 days on market in Aug 2024, down by 77.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were 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 Lillian Township are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 2 homes were sold in Lake Lillian 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.
