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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mission Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Mission Township has remained a Seller's Market.

Key Takeaway

Mission Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mission Township, MN

How much do homes in Mission Township, MN cost?

Median Sold Price

$725,000

$428/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$564,000(+350.3%)

Key Takeaway

Homes in Mission Township have sold for 350.3% more than they did a month ago.

Summary: The median home sold price in Mission Township was $725,000 in November 2024, up 350.3% from last month, and the median price per square foot was $428.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $127.5K$895K
+602.0%
3 $187K-
N/A
4 -$318K
N/A
5+ $375K$725K
+93.3%

Summary: Mission Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 602%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 93.3%.

Housing Supply in Mission Township, MN

How many homes are available in Mission Township, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
139-30.8%

Summary: The Mission Township real estate market had 9 homes for sale in November 2024, a 30.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 31
-66.7%
3 21
-50.0%
4 33
0.0%
5+ 43
-25.0%

Summary: The Mission Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mission Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Mission Township in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Mission Township, MN

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

Average Sale Time

Oct 2024Nov 2024CHANGE
4 Days31 Days+588.9%

Summary: Homes in Mission Township had an average of 31 days on market in Nov 2024, up by 588.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 3 homes were sold in Mission Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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 Mission Township, MN

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