$2,826 Closing Credit*
$238,000
1,080 SqFt
3 Beds
•1 Full Bath
Listing Office: RE/MAX Results
Is Princeton 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, Princeton Township has remained a Seller's Market.
Key Takeaway
Princeton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Princeton Township, MN
How much do homes in Princeton Township, MN cost?
Median Sold Price
$345,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,050(+1.5%)
Key Takeaway
Homes in Princeton Township have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Princeton Township was $345,000 in October 2024, up 1.5% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210.6K | $214.9K | +2.0% |
| 2 Bedrooms | $302K | $270K | -10.6% |
| 3 Bedrooms | $340K | $342.4K | +0.7% |
| 4 Bedrooms | $348K | $395K | +13.5% |
| 5+ Bedrooms | $419.5K | $464.4K | +10.7% |
Summary: Princeton Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes decreased by 10.6%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Cities
| Baldwin Township | $374.9K | $429K | +14.4% |
| Princeton | $337.4K | $345K | +2.2% |
| Princeton Township | $339.9K | $345K | +1.5% |
Housing Supply in Princeton Township, MN
How many homes are available in Princeton Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 76 | 74 | -2.6% |
Summary: The Princeton Township real estate market had 74 homes for sale in October 2024, a 2.6% decrease 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 | 16 | 15 | -6.3% |
| 3 Bedrooms | 33 | 30 | -9.1% |
| 4 Bedrooms | 19 | 18 | -5.3% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Princeton 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 decreased by 6.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 18 | +5.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Princeton Township, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Princeton Township in October 2024, up by 5.9% month-over-month. Of the 18 sold homes, 28% were sold under asking, 28% were sold at asking, and 44% were sold over asking.
Days on Market for Princeton Township, MN
How long does it take to sell a home in Princeton Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 42 Days | +22.9% |
Summary: Homes in Princeton Township had an average of 42 days on market in Oct 2024, up by 22.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Princeton Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in Princeton Township; 50% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
