$10,000 Closing Credit*
$1,399,000
4,458 SqFt
5 Beds
•4 Full Baths, 1 Partial
Listing Office: Action Realty 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
Since last month, Lake View Township has remained a Seller's Market.
Key Takeaway
Lake View Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake View Township, MN
How much do homes in Lake View Township, MN cost?
Median Sold Price
$370,000
$158/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$44,000(+13.5%)
Key Takeaway
Homes in Lake View Township have sold for 13.5% more than they did a month ago.
Summary: The median home sold price in Lake View Township was $370,000 in October 2024, up 13.5% from last month, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $370K | N/A |
| 3 Bedrooms | $325K | - | N/A |
| 4 Bedrooms | $327K | $762.5K | +133.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Lake View Township housing prices by bedroom type for October 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 did not change, 4 bedroom homes increased by 133.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Candor Township | $385K | $579K | +50.4% |
| Lake View Township | $326K | $370K | +13.5% |
Housing Supply in Lake View Township, MN
How many homes are available in Lake View Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Summary: The Lake View Township real estate market had 15 homes for sale in October 2024, a 6.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Lake View Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was 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. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Lake View Township in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 Days | 66 Days | +21.9% |
Summary: Homes in Lake View Township had an average of 66 days on market in Oct 2024, up by 21.9% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lake View Township has remained consistent over time.
Summary: During October 2024, 5 homes were sold in Lake View Township; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
