$2,256 Closing Credit*
$190,000
1,100 SqFt
3 Beds
•1 Full Bath
Listing Office: Edina Realty, Inc.
Is Northern Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Northern Township was a Neutral Market.
Key Takeaway
Northern Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northern Township, MN
How much do homes in Northern Township, MN cost?
Median Sold Price
$310,900
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$900(+0.3%)
Key Takeaway
The sold price of homes in Northern Township has remained the same since last year.
Summary: The median home sold price in Northern Township was $310,900 in October 2024, up 0.3% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $30K | N/A |
| 2 Bedrooms | $204.9K | $221K | +7.8% |
| 3 Bedrooms | $286.5K | $305K | +6.4% |
| 4 Bedrooms | $364.2K | $350K | -3.9% |
| 5+ Bedrooms | $890K | $320K | -64.0% |
Summary: Northern 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 7.8%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes decreased by 64%.
Median Sold Price Compared To Nearby Cities
| Bemidji | $264.8K | $287K | +8.4% |
| Northern Township | $310K | $310.9K | 0.3% |
Housing Supply in Northern Township, MN
How many homes are available in Northern Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 37 | 0.0% |
Summary: The Northern Township real estate market had 37 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 17 | 13 | -23.5% |
| 4 Bedrooms | 13 | 17 | +30.8% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Northern 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 25%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 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. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Northern Township in October 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 107 Days | 37 Days | -65.3% |
Summary: Homes in Northern Township had an average of 37 days on market in Oct 2024, down by 65.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Northern Township has remained consistent over time.
Summary: During October 2024, 8 homes were sold in Northern Township; 38% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
