$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 October 2023
Since last year, Laketown Township has remained a Seller's Market.
Key Takeaway
Laketown Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Laketown Township, MN
How much do homes in Laketown Township, MN cost?
Median Sold Price
$610,130
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$129,130(+26.8%)
Key Takeaway
Homes in Laketown Township have sold for 26.8% more than they did a year ago.
Summary: The median home sold price in Laketown Township was $610,130 in October 2024, up 26.8% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $481K | $547.5K | +13.8% |
| 3 Bedrooms | $414.6K | $519.9K | +25.4% |
| 4 Bedrooms | $600K | $631.3K | +5.2% |
| 5+ Bedrooms | $718K | $700K | -2.5% |
Summary: Laketown Township housing prices by bedroom type for October 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 25.4%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Laketown Township | $481K | $610.1K | +26.8% |
| Minnetrista | $665.4K | $719K | +8.1% |
| Chaska | $427.7K | $456.6K | +6.8% |
| Waconia | $454.9K | $463.2K | +1.8% |
| Victoria | $599.9K | $591.8K | -1.4% |
Housing Supply in Laketown Township, MN
How many homes are available in Laketown Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 55 | +19.6% |
Summary: The Laketown Township real estate market had 55 homes for sale in October 2024, a 19.6% increase 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 | 12 | 19 | +58.3% |
| 4 Bedrooms | 17 | 19 | +11.8% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The Laketown 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 increased by 58.3%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Laketown Township, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Laketown Township in October 2024, up by 50.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 25% were sold at asking, and 42% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 43 Days | +13.0% |
Summary: Homes in Laketown Township had an average of 43 days on market in Oct 2024, up by 13% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Laketown Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Laketown Township; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
