Listing Office: NextHome Perrine & Associates Realty
Is Sturgeon Lake 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, Sturgeon Lake Township has remained a Seller's Market.
Key Takeaway
Sturgeon Lake Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sturgeon Lake Township, MN
How much do homes in Sturgeon Lake Township, MN cost?
Median Sold Price
$336,950
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$39,450(+13.3%)
Key Takeaway
Homes in Sturgeon Lake Township have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in Sturgeon Lake Township was $336,950 in October 2024, up 13.3% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | - | N/A |
| 2 Bedrooms | $243K | $273.2K | +12.5% |
| 3 Bedrooms | $265K | $283.3K | +6.9% |
| 4 Bedrooms | $420K | $385K | -8.3% |
| 5+ Bedrooms | $355K | - | N/A |
Summary: Sturgeon Lake 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 12.5%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Sturgeon Lake Township | $297.5K | $336.9K | +13.3% |
| Sturgeon Lake | $297.5K | $336.9K | +13.3% |
| Windemere Township | $314.9K | $351.5K | +11.6% |
Housing Supply in Sturgeon Lake Township, MN
How many homes are available in Sturgeon Lake Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Summary: The Sturgeon Lake Township real estate market had 18 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sturgeon Lake 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 |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sturgeon Lake Township, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Sturgeon Lake Township in October 2024, up by 133.3% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Sturgeon Lake Township, MN
How long does it take to sell a home in Sturgeon Lake Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 48 Days | +79.9% |
Summary: Homes in Sturgeon Lake Township had an average of 48 days on market in Oct 2024, up by 79.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sturgeon Lake Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Sturgeon Lake Township; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
