$3,266 Closing Credit*
$275,000
748 SqFt
2 Beds
•1 Full Bath
Listing Office: Gallery of Homes
Is Ponto Lake Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Ponto Lake Township was a Seller's Market.
Key Takeaway
Ponto Lake Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ponto Lake Township, MN
How much do homes in Ponto Lake Township, MN cost?
Median Sold Price
$249,950
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$131,050(-34.4%)
Key Takeaway
Homes in Ponto Lake Township have sold for 34.4% less than they did a year ago.
Summary: The median home sold price in Ponto Lake Township was $249,950 in October 2024, down 34.4% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $205K | -21.2% |
| 2 Bedrooms | $300K | $206K | -31.3% |
| 3 Bedrooms | $482.5K | $267.5K | -44.6% |
| 4 Bedrooms | $460K | $420K | -8.7% |
| 5+ Bedrooms | $142K | - | N/A |
Summary: Ponto Lake Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.2%, 2 bedroom homes decreased by 31.3%, 3 bedroom homes decreased by 44.6%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Barclay Township | $332.2K | $336K | +1.1% |
| Woodrow Township | $429.9K | $408K | -5.1% |
| Ponto Lake Township | $381K | $249.9K | -34.4% |
Housing Supply in Ponto Lake Township, MN
How many homes are available in Ponto Lake Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Summary: The Ponto Lake Township real estate market had 8 homes for sale in October 2024, a 14.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ponto Lake 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 remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ponto Lake Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Ponto Lake Township in October 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Ponto Lake Township, MN
How long does it take to sell a home in Ponto Lake Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 6 Days | 14 Days | +115.4% |
Summary: Homes in Ponto Lake Township had an average of 14 days on market in Oct 2024, up by 115.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ponto Lake Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Ponto Lake 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.
