$3,551 Closing Credit*
$299,000
1,236 SqFt
3 Beds
•2 Full Baths
Listing Office: EXIT Realty - Great Plains
Is Mountain Lake Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Mountain Lake Township has remained a Seller's Market.
Key Takeaway
Mountain Lake Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mountain Lake Township, MN
How much do homes in Mountain Lake Township, MN cost?
Median Sold Price
$167,500
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$29,000(-14.8%)
Key Takeaway
Homes in Mountain Lake Township have sold for 14.8% less than they did a year ago.
Summary: The median home sold price in Mountain Lake Township was $167,500 in November 2024, down 14.8% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $70K | N/A |
| 3 Bedrooms | $169K | $180K | +6.5% |
| 4 Bedrooms | $200K | $164K | -18.0% |
| 5+ Bedrooms | $205K | $169.9K | -17.1% |
Summary: Mountain Lake Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 18%, and 5+ bedroom homes decreased by 17.1%.
Median Sold Price Compared To Nearby Cities
| Mountain Lake | $193K | $167.5K | -13.2% |
| Mountain Lake Township | $196.5K | $167.5K | -14.8% |
Housing Supply in Mountain Lake Township, MN
How many homes are available in Mountain Lake Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Summary: The Mountain Lake Township real estate market had 14 homes for sale in November 2024, a 27.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Mountain Lake 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 remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mountain Lake Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Mountain Lake Township in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Mountain Lake Township, MN
How long does it take to sell a home in Mountain Lake Township, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 57 Days | 113 Days | +98.2% |
Summary: Homes in Mountain Lake Township had an average of 113 days on market in Nov 2024, up by 98.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Mountain Lake Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 4 homes were sold in Mountain Lake Township; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
