Is Lent Township, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lent Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Lent Township has remained a Seller's Market.

Key Takeaway

Lent Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lent Township, MN

How much do homes in Lent Township, MN cost?

Median Sold Price

$417,000

$274/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$52,000(+14.2%)

Key Takeaway

Homes in Lent Township have sold for 14.2% more than they did a month ago.

Summary: The median home sold price in Lent Township was $417,000 in November 2024, up 14.2% from last month, and the median price per square foot was $274.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$434K
N/A
3 $360K$400K
+11.1%
4 --
N/A
5+ $370K-
N/A

Summary: Lent 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 11.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Lent Township, MN

How many homes are available in Lent Township, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
11110.0%

Summary: The Lent Township real estate market had 11 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 33
0.0%
3 54
-20.0%
4 13
+200.0%
5+ 21
-50.0%

Summary: The Lent 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 200%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 November 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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 2024Nov 2024CHANGE
27 Days102 Days+277.8%

Summary: Homes in Lent Township had an average of 102 days on market in Nov 2024, up by 277.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lent Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Lent Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Lent Township, MN

Nearby Markets to Lent Township, MN

What housing markets are near Lent Township, MN?