$10,000 Closing Credit*
$974,500
3,400 SqFt
3 Beds
•3 Baths
Jerry Fink, Listing Office: Canoe Capital Realty, LLC
Is Morse Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Morse Township was a Buyer's Market.
Key Takeaway
Morse Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Morse Township, MN
How much do homes in Morse Township, MN cost?
Median Sold Price
$732,000
$323/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$475,000(+184.8%)
Key Takeaway
Homes in Morse Township have sold for 184.8% more than they did a month ago.
Summary: The median home sold price in Morse Township was $732,000 in October 2024, up 184.8% from last month, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $257K | - | N/A |
| 2 Bedrooms | - | $420K | N/A |
| 3 Bedrooms | - | $759K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Morse 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
| Morse Township | $257K | $732K | +184.8% |
| Birch Lake | $649K | $153K | -76.4% |
Housing Supply in Morse Township, MN
How many homes are available in Morse Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Summary: The Morse Township real estate market had 15 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 | 3 | 2 | -33.3% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Morse Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Morse Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Morse Township in October 2024, up by 500.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Morse Township, MN
How long does it take to sell a home in Morse Township, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 Days | 172 Days | +8525.0% |
Summary: Homes in Morse Township had an average of 172 days on market in Oct 2024, up by 8525% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Morse Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 6 homes were sold in Morse Township; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
