$1,484 Closing Credit*
$125,000
1,276 SqFt
2 Beds
•2 Baths
Listing Office: Keller Williams Premier Realty
Is Medford 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, Medford Township has remained a Seller's Market.
Key Takeaway
Medford Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Medford Township, MN
How much do homes in Medford Township, MN cost?
Median Sold Price
$252,450
$158/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$24,800(-8.9%)
Key Takeaway
Homes in Medford Township have sold for 8.9% less than they did a month ago.
Summary: The median home sold price in Medford Township was $252,450 in October 2024, down 8.9% from last month, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $259.5K | N/A |
| 3 Bedrooms | $249K | $284.9K | +14.4% |
| 4 Bedrooms | $305.5K | $220K | -28.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Medford 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 increased by 14.4%, 4 bedroom homes decreased by 28%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Medford Township | $277.2K | $252.4K | -8.9% |
| Medford | $277.2K | $252.4K | -8.9% |
Housing Supply in Medford Township, MN
How many homes are available in Medford Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Summary: The Medford Township real estate market had 6 homes for sale in October 2024, a 14.3% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Medford 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 increased by 50%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Medford Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Medford Township in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Medford Township, MN
How long does it take to sell a home in Medford Township, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 9 Days | -14.3% |
Summary: Homes in Medford Township had an average of 9 days on market in Oct 2024, down by 14.3% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Medford Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Medford Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
