$3,824 Closing Credit*
$322,000
3,216 SqFt
4 Beds
•2 Full Baths
Listing Office: Turpen Realty, Inc.
Is Stanchfield Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Stanchfield Township has remained a Seller's Market.
Key Takeaway
Stanchfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Stanchfield Township, MN
How much do homes in Stanchfield Township, MN cost?
Median Sold Price
$365,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$45,000(-11.0%)
Key Takeaway
Homes in Stanchfield Township have sold for 11% less than they did a year ago.
Summary: The median home sold price in Stanchfield Township was $365,000 in October 2024, down 11% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $80K | N/A |
| 2 Bedrooms | $240K | $310K | +29.2% |
| 3 Bedrooms | $365K | $363K | -0.5% |
| 4 Bedrooms | $445K | $552.5K | +24.2% |
| 5+ Bedrooms | $716.2K | $510K | -28.8% |
Summary: Stanchfield 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 increased by 29.2%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes decreased by 28.8%.
Median Sold Price Compared To Nearby Cities
| Stanchfield | $427.5K | $409.9K | -4.1% |
| Braham | $275K | $250K | -9.1% |
| Stanchfield Township | $410K | $365K | -11.0% |
| Nessel Township | $447.5K | $390K | -12.8% |
Housing Supply in Stanchfield Township, MN
How many homes are available in Stanchfield Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Summary: The Stanchfield Township real estate market had 17 homes for sale in October 2024, a 13.3% 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 | 7 | 8 | +14.3% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Stanchfield 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 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, 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
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stanchfield Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Stanchfield Township in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Stanchfield Township, MN
How long does it take to sell a home in Stanchfield Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 69 Days | 95 Days | +38.4% |
Summary: Homes in Stanchfield Township had an average of 95 days on market in Oct 2024, up by 38.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Stanchfield Township has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Stanchfield Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
