$3,871 Closing Credit*
$326,000
1,902 SqFt
4 Beds
•2 Full Baths
Listing Office: RE/MAX Legacy Realty
Is Moorhead 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, Moorhead Township has remained a Seller's Market.
Key Takeaway
Moorhead Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Moorhead Township, MN
How much do homes in Moorhead Township, MN cost?
Median Sold Price
$264,914
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,854(+3.1%)
Key Takeaway
Homes in Moorhead Township have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Moorhead Township was $264,914 in October 2024, up 3.1% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $94.9K | $115K | +21.2% |
| 2 Bedrooms | $199.9K | $199.9K | 0.0% |
| 3 Bedrooms | $241.7K | $249.4K | +3.2% |
| 4 Bedrooms | $295.7K | $305K | +3.1% |
| 5+ Bedrooms | $327.4K | $415K | +26.7% |
Summary: Moorhead Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.2%, 2 bedroom homes did not change, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 26.7%.
Housing Supply in Moorhead Township, MN
How many homes are available in Moorhead Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 448 | 480 | +7.1% |
Summary: The Moorhead Township real estate market had 480 homes for sale in October 2024, a 7.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 8 | +33.3% |
| 2 Bedrooms | 62 | 72 | +16.1% |
| 3 Bedrooms | 160 | 178 | +11.3% |
| 4 Bedrooms | 159 | 168 | +5.7% |
| 5+ Bedrooms | 61 | 54 | -11.5% |
Summary: The Moorhead Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 11.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 77 | 97 | +26.0% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Moorhead Township, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 97 homes were sold or pending in Moorhead Township in October 2024, up by 26.0% month-over-month. Of the 97 sold homes, 47% were sold under asking, 32% were sold at asking, and 21% were sold over asking.
Days on Market for Moorhead Township, MN
How long does it take to sell a home in Moorhead Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 123 Days | 36 Days | -69.9% |
Summary: Homes in Moorhead Township had an average of 36 days on market in Oct 2024, down by 69.9% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Moorhead Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 97 homes were sold in Moorhead Township; 28% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
