$5,463 Closing Credit*
$460,000
3,042 SqFt
4 Beds
•1 Full Bath
Listing Office: RE/MAX RESULTS
Is Springvale 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, Springvale Township has remained a Seller's Market.
Key Takeaway
Springvale Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Springvale Township, MN
How much do homes in Springvale Township, MN cost?
Median Sold Price
$338,990
$318/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$955(-0.3%)
Key Takeaway
The sold price of homes in Springvale Township has remained the same since last month.
Summary: The median home sold price in Springvale Township was $338,990 in October 2024, down 0.3% from last month, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $339.9K | $343.9K | +1.2% |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | - | $132.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Springvale 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 increased by 1.2%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Wyanett Township | $502.5K | $515K | +2.5% |
| Springvale Township | $339.9K | $338.9K | -0.3% |
Housing Supply in Springvale Township, MN
How many homes are available in Springvale Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Summary: The Springvale Township real estate market had 9 homes for sale in October 2024, a 10.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Springvale 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 40%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 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 Springvale 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 Springvale Township in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Springvale Township, MN
How long does it take to sell a home in Springvale Township, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 20 Days | -55.9% |
Summary: Homes in Springvale Township had an average of 20 days on market in Oct 2024, down by 55.9% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Springvale Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Springvale Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
