$4,036 Closing Credit*
$339,900
1,645 SqFt
3 Beds
•2 Baths
Listing Office: Coldwell Banker Realty
Is Northfield 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, Northfield Township has remained a Seller's Market.
Key Takeaway
Northfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northfield Township, MN
How much do homes in Northfield Township, MN cost?
Median Sold Price
$379,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,000(+8.3%)
Key Takeaway
Homes in Northfield Township have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Northfield Township was $379,000 in October 2024, up 8.3% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $232.5K | $116.9K | -49.7% |
| 2 Bedrooms | $250K | $283K | +13.2% |
| 3 Bedrooms | $330K | $342.5K | +3.8% |
| 4 Bedrooms | $399.9K | $415K | +3.8% |
| 5+ Bedrooms | $400K | $500K | +25.0% |
Summary: Northfield Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49.7%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
| Northfield Township | $350K | $379K | +8.3% |
| Northfield | $350K | $377K | +7.7% |
Housing Supply in Northfield Township, MN
How many homes are available in Northfield Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 80 | 97 | +21.3% |
Summary: The Northfield Township real estate market had 97 homes for sale in October 2024, a 21.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 29 | 36 | +24.1% |
| 4 Bedrooms | 25 | 30 | +20.0% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Northfield 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 12.5%, 3 bedroom homes increased by 24.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 19 | +11.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northfield Township, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Northfield Township in October 2024, up by 11.8% month-over-month. Of the 19 sold homes, 47% were sold under asking, 21% were sold at asking, and 32% were sold over asking.
Days on Market for Northfield Township, MN
How long does it take to sell a home in Northfield Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 27 Days | +31.4% |
Summary: Homes in Northfield Township had an average of 27 days on market in Oct 2024, up by 31.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Northfield Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in Northfield Township; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
