Is Plainview Township, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Plainview Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Plainview Township has remained a Seller's Market.

Key Takeaway

Plainview Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Plainview Township, MN

How much do homes in Plainview Township, MN cost?

Median Sold Price

$210,000

$197/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$80,000(-27.6%)

Key Takeaway

Homes in Plainview Township have sold for 27.6% less than they did a month ago.

Summary: The median home sold price in Plainview Township was $210,000 in November 2024, down 27.6% from last month, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $192K$210K
+9.4%
3 $290K$153.5K
-47.1%
4 $361.5K-
N/A
5+ --
N/A

Summary: Plainview Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.4%, 3 bedroom homes decreased by 47.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Elgin
+36.1%
Plainview Township
-27.6%
Plainview
-27.6%

Housing Supply in Plainview Township, MN

How many homes are available in Plainview Township, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
911+22.2%

Summary: The Plainview Township real estate market had 11 homes for sale in November 2024, a 22.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 46
+50.0%
4 33
0.0%
5+ 00
0.0%

Summary: The Plainview 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Plainview Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Plainview Township in November 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for Plainview Township, MN

How long does it take to sell a home in Plainview Township, MN?

Average Sale Time

Oct 2024Nov 2024CHANGE
37 Days53 Days+43.2%

Summary: Homes in Plainview Township had an average of 53 days on market in Nov 2024, up by 43.2% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Plainview Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Plainview Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Plainview Township, MN

Nearby Markets to Plainview Township, MN