$149,900
Land
Listing Office: RE/MAX Synergy
Is Lent Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lent Township was a Buyer's Market.
Key Takeaway
Lent 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 Lent Township, MN
How much do homes in Lent Township, MN cost?
Median Sold Price
$403,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$22,000(-5.2%)
Key Takeaway
Homes in Lent Township have sold for 5.2% less than they did a year ago.
Summary: The median home sold price in Lent Township was $403,000 in October 2024, down 5.2% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $665.5K | - | N/A |
| 3 Bedrooms | $425K | $400K | -5.9% |
| 4 Bedrooms | $429K | $412.5K | -3.8% |
| 5+ Bedrooms | $505K | $590K | +16.8% |
Summary: Lent 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 did not change, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 16.8%.
Median Sold Price Compared To Nearby Cities
| Chisago Lake Township | $507.5K | $542.7K | +6.9% |
| North Branch | $335K | $348.1K | +3.9% |
| Stacy | $424.9K | $415K | -2.3% |
| Lent Township | $425K | $403K | -5.2% |
| Chisago City | $449.9K | $425K | -5.5% |
Housing Supply in Lent Township, MN
How many homes are available in Lent Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 12 | -25.0% |
Summary: The Lent Township real estate market had 12 homes for sale in October 2024, a 25.0% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Lent 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
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 Lent 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 Lent Township in October 2024, down by 60.0% month-over-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 Lent Township, MN
How long does it take to sell a home in Lent Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 61 Days | 27 Days | -55.7% |
Summary: Homes in Lent Township had an average of 27 days on market in Oct 2024, down by 55.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lent Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Lent Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
