$4,156 Closing Credit*
$350,000
1,746 SqFt
3 Beds
•1 Full Bath
Listing Office: RE/MAX Results
Is North Branch 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, North Branch Township has remained a Seller's Market.
Key Takeaway
North Branch Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Branch Township, MN
How much do homes in North Branch Township, MN cost?
Median Sold Price
$348,375
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,425(+4.0%)
Key Takeaway
Homes in North Branch Township have sold for 4% more than they did a year ago.
Summary: The median home sold price in North Branch Township was $348,375 in October 2024, up 4% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $500K | - | N/A |
| 2 Bedrooms | $312.4K | $310K | -0.8% |
| 3 Bedrooms | $342.9K | $343.9K | 0.3% |
| 4 Bedrooms | $359K | $369.9K | +3.0% |
| 5+ Bedrooms | $387K | $457.2K | +18.2% |
Summary: North Branch 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 decreased by 0.8%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 18.2%.
Median Sold Price Compared To Nearby Cities
| North Branch Township | $334.9K | $348.3K | +4.0% |
| North Branch | $335K | $348.1K | +3.9% |
| Harris | $407.5K | $399.9K | -1.9% |
| Fish Lake Township | $415K | $385K | -7.2% |
Housing Supply in North Branch Township, MN
How many homes are available in North Branch Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 125 | 148 | +18.4% |
Summary: The North Branch Township real estate market had 148 homes for sale in October 2024, a 18.4% 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 | 29 | 37 | +27.6% |
| 3 Bedrooms | 60 | 74 | +23.3% |
| 4 Bedrooms | 26 | 25 | -3.8% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The North Branch 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 increased by 27.6%, 3 bedroom homes increased by 23.3%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 28 | +3.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Branch Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 28 homes were sold or pending in North Branch Township in October 2024, up by 3.7% month-over-month. Of the 28 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for North Branch Township, MN
How long does it take to sell a home in North Branch Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 21 Days | -33.8% |
Summary: Homes in North Branch Township had an average of 21 days on market in Oct 2024, down by 33.8% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Branch Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 28 homes were sold in North Branch Township; 82% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
