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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scambler Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Scambler Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in Scambler Township, MN

How much do homes in Scambler Township, MN cost?

Median Sold Price

$985,000

$344/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$350,000(+55.1%)

Key Takeaway

Homes in Scambler Township have sold for 55.1% more than they did a month ago.

Summary: The median home sold price in Scambler Township was $985,000 in October 2024, up 55.1% from last month, and the median price per square foot was $344.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $750K$985K
+31.3%
4 $520K-
N/A
5+ --
N/A

Summary: Scambler 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 increased by 31.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Scambler Township, MN

How many homes are available in Scambler Township, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1513-13.3%

Summary: The Scambler Township real estate market had 13 homes for sale in October 2024, a 13.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 43
-25.0%
4 76
-14.3%
5+ 22
0.0%

Summary: The Scambler 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 25%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Scambler Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Scambler Township in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Scambler Township, MN

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

Average Sale Time

Sep 2024Oct 2024CHANGE
130 Days105 Days-18.8%

Summary: Homes in Scambler Township had an average of 105 days on market in Oct 2024, down by 18.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Scambler Township; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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

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