$6,531 Closing Credit*
$550,000
2,872 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Keller Williams Integrity NW
Is Spencer Brook 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, Spencer Brook Township was a Seller's Market.
Key Takeaway
Spencer Brook Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Spencer Brook Township, MN
How much do homes in Spencer Brook Township, MN cost?
Median Sold Price
$461,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$12,000(-2.5%)
Key Takeaway
Homes in Spencer Brook Township have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Spencer Brook Township was $461,000 in October 2024, down 2.5% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $662.6K | $230K | -65.3% |
| 3 Bedrooms | $400K | $355.2K | -11.2% |
| 4 Bedrooms | $407.4K | $542.5K | +33.2% |
| 5+ Bedrooms | $610.5K | $750K | +22.9% |
Summary: Spencer Brook 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 65.3%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes increased by 33.2%, and 5+ bedroom homes increased by 22.9%.
Median Sold Price Compared To Nearby Cities
| Bradford Township | $360K | $375K | +4.2% |
| Spencer Brook Township | $473K | $461K | -2.5% |
Housing Supply in Spencer Brook Township, MN
How many homes are available in Spencer Brook Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Summary: The Spencer Brook Township real estate market had 12 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Spencer Brook 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spencer Brook Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Spencer Brook Township in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Spencer Brook Township, MN
How long does it take to sell a home in Spencer Brook Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 71 Days | 99 Days | +38.8% |
Summary: Homes in Spencer Brook Township had an average of 99 days on market in Oct 2024, up by 38.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Spencer Brook Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in Spencer Brook Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
