$50,000
1.28 Acres
Land
#6615912, Sebastian Mustafic, Listing Office: Park Co., REALTORS®
Is Lida 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, Lida Township has remained a Seller's Market.
Key Takeaway
Lida Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lida Township, MN
How much do homes in Lida Township, MN cost?
Median Sold Price
$405,000
$322/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$105,000(+35.0%)
Key Takeaway
Homes in Lida Township have sold for 35% more than they did a month ago.
Summary: The median home sold price in Lida Township was $405,000 in October 2024, up 35% from last month, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $239.5K | - | N/A |
| 2 Bedrooms | - | $93.6K | N/A |
| 3 Bedrooms | $601K | $547.5K | -8.9% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lida 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 decreased by 8.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Candor Township | $385K | $579K | +50.4% |
| Lida Township | $300K | $405K | +35.0% |
| Dora Township | $400K | $360K | -10.0% |
Housing Supply in Lida Township, MN
How many homes are available in Lida Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Summary: The Lida Township real estate market had 16 homes for sale in October 2024, a 5.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Lida Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lida Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Lida Township in October 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Lida Township, MN
How long does it take to sell a home in Lida Township, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 29 Days | -18.7% |
Summary: Homes in Lida Township had an average of 29 days on market in Oct 2024, down by 18.7% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lida Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Lida Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
