$6,294 Closing Credit*
$530,000
2,068 SqFt
2 Beds
•1 Full Bath
Listing Office: RE/MAX Results
Is Nessel 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, Nessel Township has remained a Seller's Market.
Key Takeaway
Nessel Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nessel Township, MN
How much do homes in Nessel Township, MN cost?
Median Sold Price
$400,000
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$52,500(-11.6%)
Key Takeaway
Homes in Nessel Township have sold for 11.6% less than they did a year ago.
Summary: The median home sold price in Nessel Township was $400,000 in November 2024, down 11.6% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | - | N/A |
| 2 Bedrooms | $310K | $418.7K | +35.1% |
| 3 Bedrooms | $475K | $430K | -9.5% |
| 4 Bedrooms | $583.5K | $372K | -36.3% |
| 5+ Bedrooms | $523.4K | - | N/A |
Summary: Nessel 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 increased by 35.1%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 36.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Rush City | $300K | $310K | +3.3% |
| Nessel Township | $452.5K | $400K | -11.6% |
| Royalton Township | $298K | $263.5K | -11.6% |
Housing Supply in Nessel Township, MN
How many homes are available in Nessel Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Summary: The Nessel Township real estate market had 13 homes for sale in November 2024, a 18.8% decrease 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Nessel 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 decreased by 14.3%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
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 Nessel 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 Nessel Township in November 2024, down by 40.0% 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 Nessel Township, MN
How long does it take to sell a home in Nessel Township, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 97 Days | 41 Days | -57.3% |
Summary: Homes in Nessel Township had an average of 41 days on market in Nov 2024, down by 57.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Nessel Township has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Nessel Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
