$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 November 2023
At the same time last year, Powers Township was a Buyer's Market.
Key Takeaway
Powers Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Powers Township, MN
How much do homes in Powers Township, MN cost?
Median Sold Price
$262,500
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$77,500(-22.8%)
Key Takeaway
Homes in Powers Township have sold for 22.8% less than they did a year ago.
Summary: The median home sold price in Powers Township was $262,500 in November 2024, down 22.8% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $137.2K | N/A |
| 2 Bedrooms | $415K | $262.5K | -36.7% |
| 3 Bedrooms | $340K | $298.6K | -12.2% |
| 4 Bedrooms | $200K | $587.5K | +193.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Powers Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 36.7%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes increased by 193.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Backus | $275.9K | $265K | -4.0% |
| Powers Township | $340K | $262.5K | -22.8% |
Housing Supply in Powers Township, MN
How many homes are available in Powers Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The Powers Township real estate market had 8 homes for sale in November 2024, a 11.1% decrease 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 | 3 | 2 | -33.3% |
| 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 November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was 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 may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Powers Township in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 80 Days | +373.5% |
Summary: Homes in Powers Township had an average of 80 days on market in Nov 2024, up by 373.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Powers Township has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Powers Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
