$8,182 Closing Credit*
$689,000
1,456 SqFt
2 Beds
•2 Full Baths
Listing Office: Centennial 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
$217,000
$126/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$549,750(-71.7%)
Key Takeaway
Homes in Rush Lake Township have sold for 71.7% less than they did a month ago.
Summary: The median home sold price in Rush Lake Township was $217,000 in October 2024, down 71.7% from last month, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $564.5K | - | N/A |
| 4 Bedrooms | $969K | $217K | -77.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Rush Lake 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 77.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Otto Township | $257.2K | $585K | +127.4% |
| Dead Lake Township | $235K | $199K | -15.3% |
| Richville | $420.3K | $209.9K | -50.1% |
| Rush Lake Township | $766.7K | $217K | -71.7% |
Housing Supply in Rush Lake Township, MN
How many homes are available in Rush Lake Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Summary: The Rush Lake Township real estate market had 18 homes for sale in October 2024, a 10.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rush Lake 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 decreased by 16.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rush Lake Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Rush Lake Township in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 80 Days | 136 Days | +70.0% |
Summary: Homes in Rush Lake Township had an average of 136 days on market in Oct 2024, up by 70% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Rush Lake Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in Rush Lake Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
