$68,900
Land
Listing Office: Edina Realty, Inc.
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
$362,500
$173/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$242,500(-40.1%)
Key Takeaway
Homes in Scandia Valley Township have sold for 40.1% less than they did a month ago.
Summary: The median home sold price in Scandia Valley Township was $362,500 in October 2024, down 40.1% from last month, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $301K | N/A |
| 2 Bedrooms | $270K | - | N/A |
| 3 Bedrooms | $608.5K | $330K | -45.8% |
| 4 Bedrooms | - | $658.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Scandia Valley 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 decreased by 45.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Scandia Valley Township, MN
How many homes are available in Scandia Valley Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Summary: The Scandia Valley Township real estate market had 16 homes for sale in October 2024, a 6.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Scandia Valley 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 increased by 33.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Scandia Valley Township in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 72 Days | +810.4% |
Summary: Homes in Scandia Valley Township had an average of 72 days on market in Oct 2024, up by 810.4% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Scandia Valley Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 6 homes were sold in Scandia Valley Township; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
