$4,976 Closing Credit*
$419,000
2,525 SqFt
3 Beds
•2 Full Baths
Listing Office: The Real Estate Company of Detroit Lakes
Is Lake View 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, Lake View Township was a Seller's Market.
Key Takeaway
Lake View Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lake View Township, MN
How much do homes in Lake View Township, MN cost?
Median Sold Price
$365,000
$134/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$7,500(+2.1%)
Key Takeaway
Homes in Lake View Township have sold for 2.1% more than they did a month ago.
Summary: The median home sold price in Lake View Township was $365,000 in November 2024, up 2.1% from last month, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $370K | - | N/A |
| 3 Bedrooms | $345K | $365K | +5.8% |
| 4 Bedrooms | $762.5K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lake View Township housing prices by bedroom type for November 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 increased by 5.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lake View Township | $357.5K | $365K | +2.1% |
| Candor Township | $489.5K | $460K | -6.0% |
| Detroit Township | $349K | $251K | -28.1% |
Housing Supply in Lake View Township, MN
How many homes are available in Lake View Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Summary: The Lake View Township real estate market had 9 homes for sale in November 2024, a 35.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 7 | 3 | -57.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lake View 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 57.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 1 | -83.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake View Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Lake View Township in November 2024, down by 83.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lake View Township, MN
How long does it take to sell a home in Lake View Township, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 Days | 78 Days | +33.6% |
Summary: Homes in Lake View Township had an average of 78 days on market in Nov 2024, up by 33.6% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lake View Township has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Lake View Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
