$9,759 Closing Credit*
$821,800
2,059 SqFt
3 Beds
•1 Full Bath
Listing Office: Keller Williams Premier Realty Lake Minnetonka
Is Laketown 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, Laketown Township was a Seller's Market.
Key Takeaway
Laketown Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Laketown Township, MN
How much do homes in Laketown Township, MN cost?
Median Sold Price
$624,990
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$139,990(+28.9%)
Key Takeaway
Homes in Laketown Township have sold for 28.9% more than they did a year ago.
Summary: The median home sold price in Laketown Township was $624,990 in November 2024, up 28.9% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $481K | $547.5K | +13.8% |
| 3 Bedrooms | $417.5K | $535.2K | +28.2% |
| 4 Bedrooms | $595K | $655K | +10.1% |
| 5+ Bedrooms | $729K | $663.4K | -9.0% |
Summary: Laketown Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 28.2%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes decreased by 9%.
Median Sold Price Compared To Nearby Cities
| Laketown Township | $485K | $624.9K | +28.9% |
| Minnetrista | $673.4K | $749K | +11.2% |
| Chaska | $426.6K | $461K | +8.1% |
| Waconia | $458.9K | $465K | +1.3% |
| Victoria | $597.5K | $592K | -0.9% |
Housing Supply in Laketown Township, MN
How many homes are available in Laketown Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 41 | -18.0% |
Summary: The Laketown Township real estate market had 41 homes for sale in November 2024, a 18.0% 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 | 17 | 15 | -11.8% |
| 4 Bedrooms | 16 | 12 | -25.0% |
| 5+ Bedrooms | 16 | 14 | -12.5% |
Summary: The Laketown 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 decreased by 11.8%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 6 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Laketown Township, expect to pay close to the asking price. 83.3% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Laketown Township in November 2024, down by 57.1% month-over-month. Of the 6 sold homes, 17% were sold under asking, 83% were sold at asking, and 0% were sold over asking.
Days on Market for Laketown Township, MN
How long does it take to sell a home in Laketown Township, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 33 Days | +4.3% |
Summary: Homes in Laketown Township had an average of 33 days on market in Nov 2024, up by 4.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Laketown Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Laketown Township; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
