$6,234 Closing Credit*
$525,000
2,676 SqFt
5 Beds
•3 Full Baths, 1 Partial
Listing Office: JPW Realty
Is Scandia Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Scandia Township has remained a Seller's Market.
Key Takeaway
Scandia Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Scandia Township, MN
How much do homes in Scandia Township, MN cost?
Median Sold Price
$510,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$65,500(-11.4%)
Key Takeaway
Homes in Scandia Township have sold for 11.4% less than they did a year ago.
Summary: The median home sold price in Scandia Township was $510,000 in November 2024, down 11.4% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $529.9K | $440K | -17.0% |
| 3 Bedrooms | $601.5K | $485K | -19.4% |
| 4 Bedrooms | $573.4K | $587K | +2.4% |
| 5+ Bedrooms | $692.5K | $554.2K | -20.0% |
Summary: Scandia Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17%, 3 bedroom homes decreased by 19.4%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 20%.
Housing Supply in Scandia Township, MN
How many homes are available in Scandia Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The Scandia Township real estate market had 12 homes for sale in November 2024, a 9.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Scandia 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Scandia Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Scandia Township in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Scandia Township, MN
How long does it take to sell a home in Scandia Township, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 57 Days | +59.0% |
Summary: Homes in Scandia Township had an average of 57 days on market in Nov 2024, up by 59% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Scandia Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Scandia Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
