$4,452 Closing Credit*
$374,900
1,584 SqFt
2 Beds
•1 Full Bath
Listing Office: Edina Realty, Inc.
Is Southside Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Southside Township was a Neutral Market.
Key Takeaway
Southside Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Southside Township, MN
How much do homes in Southside Township, MN cost?
Median Sold Price
$489,000
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$49,000(+11.1%)
Key Takeaway
Homes in Southside Township have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Southside Township was $489,000 in October 2024, up 11.1% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $227.7K | N/A |
| 2 Bedrooms | $477.5K | $375K | -21.5% |
| 3 Bedrooms | $332.5K | $520K | +56.4% |
| 4 Bedrooms | $481.2K | $681.9K | +41.7% |
| 5+ Bedrooms | - | $1.2M | N/A |
Summary: Southside Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.5%, 3 bedroom homes increased by 56.4%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| South Haven | $328.7K | $400.9K | +22.0% |
| South Haven | $330K | $400.9K | +21.5% |
| Southside Township | $440K | $489K | +11.1% |
| Annandale | $405.5K | $385.9K | -4.8% |
Housing Supply in Southside Township, MN
How many homes are available in Southside Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Summary: The Southside Township real estate market had 16 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Southside 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 decreased by 14.3%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southside Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Southside Township in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Southside Township, MN
How long does it take to sell a home in Southside Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 2 Days | 17 Days | +775.0% |
Summary: Homes in Southside Township had an average of 17 days on market in Oct 2024, up by 775% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southside Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Southside Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
