$112,500
Land
Listing Office: New Horizons Realty Of Perham
Is Perham Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Perham Township has remained a Seller's Market.
Key Takeaway
Perham Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Perham Township, MN
How much do homes in Perham Township, MN cost?
Median Sold Price
$345,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,750(+3.8%)
Key Takeaway
Homes in Perham Township have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Perham Township was $345,000 in November 2024, up 3.8% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $232.5K | $69.5K | -70.1% |
| 2 Bedrooms | $289.9K | $317.5K | +9.5% |
| 3 Bedrooms | $280K | $319.9K | +14.3% |
| 4 Bedrooms | $350K | $385K | +10.0% |
| 5+ Bedrooms | $600K | $407.5K | -32.1% |
Summary: Perham Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 70.1%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 32.1%.
Median Sold Price Compared To Nearby Cities
| Perham Township | $332.2K | $345K | +3.8% |
| Perham | $332.2K | $345K | +3.8% |
| Pine Lake Township | $592.5K | $555K | -6.3% |
Housing Supply in Perham Township, MN
How many homes are available in Perham Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 50 | +6.4% |
Summary: The Perham Township real estate market had 50 homes for sale in November 2024, a 6.4% increase 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 24 | 26 | +8.3% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Perham 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 increased by 100%, 3 bedroom homes increased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 9 | +200.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Perham Township, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Perham Township in November 2024, up by 200.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 0% were sold at asking, and 22% were sold over asking.
Days on Market for Perham Township, MN
How long does it take to sell a home in Perham Township, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 103 Days | +98.6% |
Summary: Homes in Perham Township had an average of 103 days on market in Nov 2024, up by 98.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Perham Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Perham 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.
