$4,144 Closing Credit*
$349,000
1,690 SqFt
3 Beds
•1 Full Bath
Listing Office: eXp Realty
Is Milaca Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Milaca Township has remained a Seller's Market.
Key Takeaway
Milaca Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Milaca Township, MN
How much do homes in Milaca Township, MN cost?
Median Sold Price
$299,450
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$46,950(+18.6%)
Key Takeaway
Homes in Milaca Township have sold for 18.6% more than they did a year ago.
Summary: The median home sold price in Milaca Township was $299,450 in October 2024, up 18.6% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $129.7K | -29.9% |
| 2 Bedrooms | $212.1K | $237.5K | +12.0% |
| 3 Bedrooms | $275.5K | $315K | +14.3% |
| 4 Bedrooms | $315K | $349.5K | +11.0% |
| 5+ Bedrooms | $426.5K | $422.4K | -0.9% |
Summary: Milaca Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.9%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 11%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Milaca Township | $252.5K | $299.4K | +18.6% |
| Milaca | $255K | $297.4K | +16.6% |
Housing Supply in Milaca Township, MN
How many homes are available in Milaca Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 35 | -2.8% |
Summary: The Milaca Township real estate market had 35 homes for sale in October 2024, a 2.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 18 | 17 | -5.6% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Milaca Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milaca Township, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Milaca Township in October 2024, down by 12.5% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for Milaca Township, MN
How long does it take to sell a home in Milaca Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 54 Days | +3.9% |
Summary: Homes in Milaca Township had an average of 54 days on market in Oct 2024, up by 3.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Milaca Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Milaca Township; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
