$199,900
Land
Listing Office: Realty Experts, LLC
Is Northern 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, Northern Township was a Seller's Market.
Key Takeaway
Northern Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Northern Township, MN
How much do homes in Northern Township, MN cost?
Median Sold Price
$310,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$27,400(-8.1%)
Key Takeaway
Homes in Northern Township have sold for 8.1% less than they did a year ago.
Summary: The median home sold price in Northern Township was $310,000 in November 2024, down 8.1% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $30K | N/A |
| 2 Bedrooms | $204.9K | $285.3K | +39.2% |
| 3 Bedrooms | $295K | $305K | +3.4% |
| 4 Bedrooms | $379.9K | $350K | -7.9% |
| 5+ Bedrooms | $445K | $275K | -38.2% |
Summary: Northern 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 39.2%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes decreased by 38.2%.
Median Sold Price Compared To Nearby Cities
| Bemidji | $264.8K | $289.5K | +9.3% |
| Northern Township | $337.4K | $310K | -8.1% |
Housing Supply in Northern Township, MN
How many homes are available in Northern Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 33 | -10.8% |
Summary: The Northern Township real estate market had 33 homes for sale in November 2024, a 10.8% 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Northern 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 decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northern Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Northern Township in November 2024, down by 66.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Northern Township, MN
How long does it take to sell a home in Northern Township, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 111 Days | +98.7% |
Summary: Homes in Northern Township had an average of 111 days on market in Nov 2024, up by 98.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Northern Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Northern Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
