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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Little Falls Township is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Little Falls Township was a Seller's Market.

Key Takeaway

Little Falls Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Little Falls Township, MN

How much do homes in Little Falls Township, MN cost?

Median Sold Price

$240,000

$136/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$9,500(+4.1%)

Key Takeaway

Homes in Little Falls Township have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in Little Falls Township was $240,000 in November 2024, up 4.1% from last year, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $94.6K$130K
+37.3%
2 $190K$220K
+15.8%
3 $215K$235K
+9.3%
4 $282.4K$250K
-11.5%
5+ $322.2K$395K
+22.6%

Summary: Little Falls Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.3%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes increased by 22.6%.

Median Sold Price Compared To Nearby Cities

Little Falls
+4.3%
Little Falls Township
+4.1%

Housing Supply in Little Falls Township, MN

How many homes are available in Little Falls Township, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
45450.0%

Summary: The Little Falls Township real estate market had 45 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 20
-100.0%
2 710
+42.9%
3 2321
-8.7%
4 89
+12.5%
5+ 55
0.0%

Summary: The Little Falls Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 42.9%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
216-71.4%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Little Falls Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Little Falls Township in November 2024, down by 71.4% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.

Days on Market for Little Falls Township, MN

How long does it take to sell a home in Little Falls Township, MN?

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days45 Days+57.3%

Summary: Homes in Little Falls Township had an average of 45 days on market in Nov 2024, up by 57.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Little Falls Township has remained consistent over time.

Summary: During November 2024, 6 homes were sold in Little Falls Township; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% 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 17 Days Ago

Newest Listings in Little Falls Township, MN

Nearby Markets to Little Falls Township, MN

What housing markets are near Little Falls Township, MN?