Listing Office: NextHome Horizons
Is Scandia Valley 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, Scandia Valley Township has remained a Seller's Market.
Key Takeaway
Scandia Valley Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Scandia Valley Township, MN
How much do homes in Scandia Valley Township, MN cost?
Median Sold Price
$364,900
$280/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$2,400(+0.7%)
Key Takeaway
Homes in Scandia Valley Township have sold for 0.7% more than they did a month ago.
Summary: The median home sold price in Scandia Valley Township was $364,900 in November 2024, up 0.7% from last month, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $301K | - | N/A |
| 2 Bedrooms | - | $364.9K | N/A |
| 3 Bedrooms | $330K | $525K | +59.1% |
| 4 Bedrooms | $658.5K | $467.5K | -29.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Scandia Valley 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 increased by 59.1%, 4 bedroom homes decreased by 29%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Scandia Valley Township | $362.5K | $364.9K | +0.7% |
| Cushing | $922K | $700K | -24.1% |
| Cushing Township | $922K | $682.5K | -26.0% |
Housing Supply in Scandia Valley Township, MN
How many homes are available in Scandia Valley Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 10 | -33.3% |
Summary: The Scandia Valley Township real estate market had 10 homes for sale in November 2024, a 33.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Scandia Valley Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
4 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 Scandia Valley Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Scandia Valley Township in November 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Scandia Valley Township, MN
How long does it take to sell a home in Scandia Valley Township, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 72 Days | 46 Days | -35.7% |
Summary: Homes in Scandia Valley Township had an average of 46 days on market in Nov 2024, down by 35.7% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Scandia Valley Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Scandia Valley Township; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
