$6,709 Closing Credit*
$565,000
2,888 SqFt
4 Beds
•1 Full Bath, 1 Partial
Listing Office: HomeAvenue Inc
Is Milaca Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since November 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 November 2024, up 18.6% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $129.7K | -29.9% |
| 2 Bedrooms | $210K | $237.5K | +13.1% |
| 3 Bedrooms | $276.4K | $304K | +10.0% |
| 4 Bedrooms | $295K | $339.7K | +15.2% |
| 5+ Bedrooms | $426.5K | $422.4K | -0.9% |
Summary: Milaca Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.9%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Page Township | $273K | $360K | +31.9% |
| 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 28 | -12.5% |
Summary: The Milaca Township real estate market had 28 homes for sale in November 2024, a 12.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 11 | 8 | -27.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Milaca 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 25%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
2 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 Milaca Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Milaca Township in November 2024, down by 25.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 70 Days | 51 Days | -27.0% |
Summary: Homes in Milaca Township had an average of 51 days on market in Nov 2024, down by 27% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Milaca Township has remained consistent over time.
Summary: During November 2024, 6 homes were sold in Milaca Township; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
