$1,364 Closing Credit*
$114,900
2,142 SqFt
4 Beds
•1 Full Bath, 1 Partial
Listing Office: Elcor Realty of Rochester Inc.
Is Preston Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Preston Township was a Buyer's Market.
Key Takeaway
Preston Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Preston Township, MN
How much do homes in Preston Township, MN cost?
Median Sold Price
$181,900
$133/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$77,100(-29.8%)
Key Takeaway
Homes in Preston Township have sold for 29.8% less than they did a month ago.
Summary: The median home sold price in Preston Township was $181,900 in October 2024, down 29.8% from last month, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $130K | N/A |
| 3 Bedrooms | - | $480K | N/A |
| 4 Bedrooms | $259K | $181.9K | -29.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Preston Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 29.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Preston Township | $259K | $181.9K | -29.8% |
| Preston | $259K | $181.9K | -29.8% |
Housing Supply in Preston Township, MN
How many homes are available in Preston Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Summary: The Preston Township real estate market had 12 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Preston 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 increased by 33.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 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 may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Preston Township in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 77 Days | 40 Days | -47.2% |
Summary: Homes in Preston Township had an average of 40 days on market in Oct 2024, down by 47.2% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Preston Township has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Preston Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
