$8,253 Closing Credit*
$695,000
1,680 SqFt
3 Beds
•1 Full Bath
Listing Office: Lifecycle Real Estate Services
Is Munson 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, Munson Township has remained a Seller's Market.
Key Takeaway
Munson Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Munson Township, MN
How much do homes in Munson Township, MN cost?
Median Sold Price
$454,500
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$109,500(+31.7%)
Key Takeaway
Homes in Munson Township have sold for 31.7% more than they did a year ago.
Summary: The median home sold price in Munson Township was $454,500 in October 2024, up 31.7% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $52.5K | - | N/A |
| 2 Bedrooms | $256K | $289K | +12.9% |
| 3 Bedrooms | $402.5K | $449.9K | +11.8% |
| 4 Bedrooms | $544.3K | $525K | -3.5% |
| 5+ Bedrooms | - | $465K | N/A |
Summary: Munson Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Munson Township | $345K | $454.5K | +31.7% |
| Eden Lake Township | $307.5K | $365K | +18.7% |
| Richmond | $329.9K | $342K | +3.7% |
Housing Supply in Munson Township, MN
How many homes are available in Munson Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 17 | -22.7% |
Summary: The Munson Township real estate market had 17 homes for sale in October 2024, a 22.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Munson 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Munson Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Munson Township in October 2024, down by 57.1% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Munson Township, MN
How long does it take to sell a home in Munson Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 75 Days | 80 Days | +6.0% |
Summary: Homes in Munson Township had an average of 80 days on market in Oct 2024, up by 6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Munson Township has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Munson Township; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
