Is Princeton Township, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Princeton Township is a 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

# BEDSOct 2023Oct 2024CHANGE
1 $210.6K$214.9K
+2.0%
2 $302K$270K
-10.6%
3 $340K$342.4K
+0.7%
4 $348K$395K
+13.5%
5+ $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
+14.4%
Princeton
+2.2%
Princeton Township
+1.5%

Housing Supply in Princeton Township, MN

How many homes are available in Princeton Township, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7674-2.6%

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

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1615
-6.3%
3 3330
-9.1%
4 1918
-5.3%
5+ 710
+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 2024Oct 2024CHANGE
1718+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
34 Days42 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Princeton Township, MN

Nearby Markets to Princeton Township, MN

What housing markets are near Princeton Township, MN?