$7,125 Closing Credit*
$600,000
1,630 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: Edina Realty, Inc.
Is Nessel 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, 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
$390,000
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$57,500(-12.8%)
Key Takeaway
Homes in Nessel Township have sold for 12.8% less than they did a year ago.
Summary: The median home sold price in Nessel Township was $390,000 in October 2024, down 12.8% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | - | N/A |
| 2 Bedrooms | $287.5K | $410K | +42.6% |
| 3 Bedrooms | $460K | $455K | -1.1% |
| 4 Bedrooms | $583.5K | $372K | -36.3% |
| 5+ Bedrooms | $523.4K | - | N/A |
Summary: Nessel 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 42.6%, 3 bedroom homes decreased by 1.1%, 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% |
| Stanchfield | $427.5K | $409.9K | -4.1% |
| Nessel Township | $447.5K | $390K | -12.8% |
Housing Supply in Nessel Township, MN
How many homes are available in Nessel Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Summary: The Nessel Township real estate market had 16 homes for sale in October 2024, a 14.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Nessel 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 decreased by 20%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Nessel Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Nessel Township in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 60 Days | 49 Days | -18.9% |
Summary: Homes in Nessel Township had an average of 49 days on market in Oct 2024, down by 18.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Nessel Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Nessel Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
