$79,000
Land
Listing Office: Jack Chivers Realty
Is Rush Lake Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Rush Lake Township has remained a Buyer's Market.
Key Takeaway
Rush Lake Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rush Lake Township, MN
How much do homes in Rush Lake Township, MN cost?
Median Sold Price
$372,500
$179/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$155,500(+71.7%)
Key Takeaway
Homes in Rush Lake Township have sold for 71.7% more than they did a month ago.
Summary: The median home sold price in Rush Lake Township was $372,500 in November 2024, up 71.7% from last month, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $360K | N/A |
| 4 Bedrooms | $217K | $385K | +77.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Rush Lake Township housing prices by bedroom type for November 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 increased by 77.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Rush Lake Township | $217K | $372.5K | +71.7% |
| Dead Lake Township | $199K | $179.2K | -9.9% |
Housing Supply in Rush Lake Township, MN
How many homes are available in Rush Lake Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 19 | +11.8% |
Summary: The Rush Lake Township real estate market had 19 homes for sale in November 2024, a 11.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rush Lake 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 increased 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
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rush Lake Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Rush Lake Township in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Rush Lake Township, MN
How long does it take to sell a home in Rush Lake Township, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 136 Days | 135 Days | -0.7% |
Summary: Homes in Rush Lake Township had an average of 135 days on market in Nov 2024, down by 0.7% compared to last month.
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 Rush Lake Township has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Rush Lake 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.
