$7,707 Closing Credit*
$649,000
4,102 SqFt
3 Beds
•3 Full Baths, 1 Partial
Listing Office: Edina Realty, Inc.
Is Oronoco 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, Oronoco Township has remained a Buyer's Market.
Key Takeaway
Oronoco Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Oronoco Township, MN
How much do homes in Oronoco Township, MN cost?
Median Sold Price
$513,750
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$26,250(-4.9%)
Key Takeaway
Homes in Oronoco Township have sold for 4.9% less than they did a year ago.
Summary: The median home sold price in Oronoco Township was $513,750 in October 2024, down 4.9% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $198.5K | $172.5K | -13.1% |
| 2 Bedrooms | $367.5K | $510K | +38.8% |
| 3 Bedrooms | $535K | $324.9K | -39.3% |
| 4 Bedrooms | $591.4K | $510K | -13.8% |
| 5+ Bedrooms | $721.5K | $760K | +5.3% |
Summary: Oronoco Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.1%, 2 bedroom homes increased by 38.8%, 3 bedroom homes decreased by 39.3%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
| Pine Island | $355K | $389.9K | +9.8% |
| Oronoco Township | $540K | $513.7K | -4.9% |
Housing Supply in Oronoco Township, MN
How many homes are available in Oronoco Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Summary: The Oronoco Township real estate market had 22 homes for sale in October 2024, a 4.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Oronoco Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
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 Oronoco 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 Oronoco Township in October 2024, down by 25.0% 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 Oronoco Township, MN
How long does it take to sell a home in Oronoco Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 105 Days | 14 Days | -86.7% |
Summary: Homes in Oronoco Township had an average of 14 days on market in Oct 2024, down by 86.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oronoco Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Oronoco Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
