$3,503 Closing Credit*
$295,000
1,638 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Edina Realty, Inc.
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 November 2023
At the same time last year, North Branch Township was a Seller's Market.
Key Takeaway
North Branch Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Branch Township, MN
How much do homes in North Branch Township, MN cost?
Median Sold Price
$349,137
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,327(+4.6%)
Key Takeaway
Homes in North Branch Township have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in North Branch Township was $349,137 in November 2024, up 4.6% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $500K | - | N/A |
| 2 Bedrooms | $317.4K | $310K | -2.3% |
| 3 Bedrooms | $343.9K | $345K | 0.3% |
| 4 Bedrooms | $359.4K | $372.5K | +3.6% |
| 5+ Bedrooms | $387K | $449.5K | +16.1% |
Summary: North Branch 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 decreased by 2.3%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 16.1%.
Median Sold Price Compared To Nearby Cities
| North Branch Township | $333.8K | $349.1K | +4.6% |
| North Branch | $333.8K | $348.1K | +4.3% |
| Harris | $418K | $380.5K | -9.0% |
Housing Supply in North Branch Township, MN
How many homes are available in North Branch Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 115 | 122 | +6.1% |
Summary: The North Branch Township real estate market had 122 homes for sale in November 2024, a 6.1% 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 | 27 | 28 | +3.7% |
| 3 Bedrooms | 58 | 64 | +10.3% |
| 4 Bedrooms | 22 | 19 | -13.6% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The North Branch 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 increased by 3.7%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 15 | -50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 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. 46.7% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in North Branch Township in November 2024, down by 50.0% month-over-month. Of the 15 sold homes, 33% were sold under asking, 47% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 36 Days | +76.4% |
Summary: Homes in North Branch Township had an average of 36 days on market in Nov 2024, up by 76.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were 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 November 2024, 15 homes were sold in North Branch Township; 60% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
