$4,749 Closing Credit*
$399,900
1,462 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: Cedar Point Realty -Walker
Is Powers 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, Powers Township has remained a Buyer's Market.
Key Takeaway
Powers Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Powers Township, MN
How much do homes in Powers Township, MN cost?
Median Sold Price
$250,000
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$35,000(-12.3%)
Key Takeaway
Homes in Powers Township have sold for 12.3% less than they did a year ago.
Summary: The median home sold price in Powers Township was $250,000 in October 2024, down 12.3% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $137.2K | N/A |
| 2 Bedrooms | $285K | $262.5K | -7.9% |
| 3 Bedrooms | $295K | $357.4K | +21.2% |
| 4 Bedrooms | $200K | $730K | +265.0% |
| 5+ Bedrooms | $425K | - | N/A |
Summary: Powers Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.9%, 3 bedroom homes increased by 21.2%, 4 bedroom homes increased by 265%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Woodrow Township | $429.9K | $408K | -5.1% |
| Backus | $269K | $254.5K | -5.4% |
| Powers Township | $285K | $250K | -12.3% |
| Ponto Lake Township | $381K | $249.9K | -34.4% |
Housing Supply in Powers Township, MN
How many homes are available in Powers Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Summary: The Powers Township real estate market had 9 homes for sale in October 2024, a 18.2% decrease 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Powers 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 decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Powers Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Powers Township in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Powers Township, MN
How long does it take to sell a home in Powers Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 4 Days | -73.3% |
Summary: Homes in Powers Township had an average of 4 days on market in Oct 2024, down by 73.3% 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 Powers Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Powers 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.
