$1,651 Closing Credit*
$139,000
1,196 SqFt
3 Beds
•1 Full Bath
Listing Office: RE/MAX Results
Is Preston 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, Preston Township has remained a Buyer's Market.
Key Takeaway
Preston Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Preston Township, MN
How much do homes in Preston Township, MN cost?
Median Sold Price
$210,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,000(+20.0%)
Key Takeaway
Homes in Preston Township have sold for 20% more than they did a year ago.
Summary: The median home sold price in Preston Township was $210,000 in November 2024, up 20% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $348K | +231.4% |
| 2 Bedrooms | $134.9K | $151K | +11.9% |
| 3 Bedrooms | $182.5K | $252.5K | +38.4% |
| 4 Bedrooms | $175K | $252K | +44.0% |
| 5+ Bedrooms | $168K | - | N/A |
Summary: Preston Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 231.4%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 38.4%, 4 bedroom homes increased by 44%, and 5+ bedroom homes did not change.
Housing Supply in Preston Township, MN
How many homes are available in Preston Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Summary: The Preston Township real estate market had 9 homes for sale in November 2024, a 18.2% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Preston 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 25%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 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 Preston 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 Preston Township in November 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 Preston Township, MN
How long does it take to sell a home in Preston Township, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 1 Day | 6 Days | +500.0% |
Summary: Homes in Preston Township had an average of 6 days on market in Nov 2024, up by 500% 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 Preston Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Preston 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.
