$3,147 Closing Credit*
$265,000
2,201 SqFt
3 Beds
•1 Full Bath
Listing Office: Kvamme Real Estate
Is Moorhead Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Moorhead Township was a Seller's Market.
Key Takeaway
Moorhead Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Moorhead Township, MN
How much do homes in Moorhead Township, MN cost?
Median Sold Price
$265,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+1.9%)
Key Takeaway
Homes in Moorhead Township have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Moorhead Township was $265,000 in November 2024, up 1.9% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $94.9K | $115K | +21.2% |
| 2 Bedrooms | $199.9K | $196.4K | -1.8% |
| 3 Bedrooms | $242.5K | $250K | +3.1% |
| 4 Bedrooms | $300K | $308K | +2.7% |
| 5+ Bedrooms | $330K | $415K | +25.8% |
Summary: Moorhead Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.2%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 25.8%.
Housing Supply in Moorhead Township, MN
How many homes are available in Moorhead Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 463 | 356 | -23.1% |
Summary: The Moorhead Township real estate market had 356 homes for sale in November 2024, a 23.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 5 | -28.6% |
| 2 Bedrooms | 71 | 46 | -35.2% |
| 3 Bedrooms | 169 | 133 | -21.3% |
| 4 Bedrooms | 162 | 132 | -18.5% |
| 5+ Bedrooms | 54 | 40 | -25.9% |
Summary: The Moorhead Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes decreased by 35.2%, 3 bedroom homes decreased by 21.3%, 4 bedroom homes decreased by 18.5%, and 5+ bedroom homes decreased by 25.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 100 | 59 | -41.0% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
18 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. 44.1% of homes here sold below asking price last month.
Summary: A total of 59 homes were sold or pending in Moorhead Township in November 2024, down by 41.0% month-over-month. Of the 59 sold homes, 44% were sold under asking, 25% were sold at asking, and 31% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 113 Days | 48 Days | -57.3% |
Summary: Homes in Moorhead Township had an average of 48 days on market in Nov 2024, down by 57.3% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
8 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 November 2024, 59 homes were sold in Moorhead Township; 49% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
