$6,352 Closing Credit*
$534,900
2,069 SqFt
2 Beds
•1 Full Bath
Listing Office: JPW Realty
Is Orrock 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, Orrock Township has remained a Seller's Market.
Key Takeaway
Orrock Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Orrock Township, MN
How much do homes in Orrock Township, MN cost?
Median Sold Price
$459,500
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$3,000(-0.6%)
Key Takeaway
Homes in Orrock Township have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in Orrock Township was $459,500 in October 2024, down 0.6% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $146.7K | +54.5% |
| 2 Bedrooms | $269.5K | $366K | +35.8% |
| 3 Bedrooms | $440K | $457.5K | +4.0% |
| 4 Bedrooms | $493K | $469K | -4.9% |
| 5+ Bedrooms | $669.9K | $513.4K | -23.4% |
Summary: Orrock Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 54.5%, 2 bedroom homes increased by 35.8%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 23.4%.
Median Sold Price Compared To Nearby Cities
| Baldwin Township | $374.9K | $429K | +14.4% |
| Livonia Township | $440K | $484.9K | +10.2% |
| Big Lake Township | $350K | $351.6K | 0.5% |
| Orrock Township | $462.5K | $459.5K | -0.6% |
Housing Supply in Orrock Township, MN
How many homes are available in Orrock Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 28 | +16.7% |
Summary: The Orrock Township real estate market had 28 homes for sale in October 2024, a 16.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Orrock 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orrock Township, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Orrock Township in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Orrock Township, MN
How long does it take to sell a home in Orrock Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 27 Days | -30.3% |
Summary: Homes in Orrock Township had an average of 27 days on market in Oct 2024, down by 30.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Orrock Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Orrock Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
