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

Last month, Mission Township was a Buyer'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

$161,000

$182/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$509,000(-76.0%)

Key Takeaway

Homes in Mission Township have sold for 76% less than they did a month ago.

Summary: The median home sold price in Mission Township was $161,000 in October 2024, down 76% from last month, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$127.5K
N/A
3 -$187K
N/A
4 $670K-
N/A
5+ -$375K
N/A

Summary: Mission 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Perry Lake Township
-7.1%
Mission Township
-76.0%

Housing Supply in Mission Township, MN

How many homes are available in Mission Township, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1214+16.7%

Summary: The Mission Township real estate market had 14 homes for sale in October 2024, a 16.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 13
+200.0%
3 33
0.0%
4 43
-25.0%
5+ 34
+33.3%

Summary: The Mission 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 200%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

1 Home Was 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 Mission Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Mission Township in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% 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

Sep 2024Oct 2024CHANGE
23 Days4 Days-80.4%

Summary: Homes in Mission Township had an average of 4 days on market in Oct 2024, down by 80.4% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mission Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in Mission Township; 50% 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.

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

Nearby Markets to Mission Township, MN

What housing markets are near Mission Township, MN?