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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sauk Rapids Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Sauk Rapids Township has remained a Seller's Market.

Key Takeaway

Sauk Rapids Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sauk Rapids Township, MN

How much do homes in Sauk Rapids Township, MN cost?

Median Sold Price

$285,000

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,000(+1.8%)

Key Takeaway

Homes in Sauk Rapids Township have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in Sauk Rapids Township was $285,000 in October 2024, up 1.8% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $109.9K$105.9K
-3.6%
2 $200K$264.7K
+32.4%
3 $269K$282.8K
+5.1%
4 $295K$299K
+1.4%
5+ $352.5K$319.9K
-9.2%

Summary: Sauk Rapids Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 32.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 9.2%.

Median Sold Price Compared To Nearby Cities

Sauk Rapids Township
+1.8%
Sauk Rapids
+1.8%
Saint Cloud
+1.6%
Sartell
-3.8%

Housing Supply in Sauk Rapids Township, MN

How many homes are available in Sauk Rapids Township, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6659-10.6%

Summary: The Sauk Rapids Township real estate market had 59 homes for sale in October 2024, a 10.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 119
-18.2%
3 2526
+4.0%
4 2219
-13.6%
5+ 75
-28.6%

Summary: The Sauk Rapids Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1415+7.1%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sauk Rapids Township, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Sauk Rapids Township in October 2024, up by 7.1% month-over-month. Of the 15 sold homes, 53% were sold under asking, 13% were sold at asking, and 33% were sold over asking.

Days on Market for Sauk Rapids Township, MN

How long does it take to sell a home in Sauk Rapids Township, MN?

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days30 Days+70.1%

Summary: Homes in Sauk Rapids Township had an average of 30 days on market in Oct 2024, up by 70.1% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sauk Rapids Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 15 homes were sold in Sauk Rapids Township; 73% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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 17 Days Ago

Newest Listings in Sauk Rapids Township, MN

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What housing markets are near Sauk Rapids Township, MN?