$97,500
Land
Listing Office: United Country Real Estate Minnesota Properties
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 Last Month
Last month, Sturgeon Lake Township was a Seller's Market.
Key Takeaway
Sturgeon Lake Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sturgeon Lake Township, MN
How much do homes in Sturgeon Lake Township, MN cost?
Median Sold Price
$148,937
$152/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$148,733(-50.0%)
Key Takeaway
Homes in Sturgeon Lake Township have sold for 50% less than they did a month ago.
Summary: The median home sold price in Sturgeon Lake Township was $148,937 in November 2024, down 50% from last month, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | - | N/A |
| 3 Bedrooms | $250K | $148.9K | -40.4% |
| 4 Bedrooms | $350K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Sturgeon Lake Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 40.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Kettle River Township | $135K | $333.5K | +147.0% |
| Windemere Township | $297.6K | $304.4K | +2.3% |
| Sturgeon Lake Township | $297.6K | $148.9K | -50.0% |
| Sturgeon Lake | $297.6K | $148.9K | -50.0% |
Housing Supply in Sturgeon Lake Township, MN
How many homes are available in Sturgeon Lake Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 11 | -31.3% |
Summary: The Sturgeon Lake Township real estate market had 11 homes for sale in November 2024, a 31.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sturgeon Lake Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 1 | -85.7% |
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 Sturgeon Lake 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 Sturgeon Lake Township in November 2024, down by 85.7% month-over-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 Sturgeon Lake Township, MN
How long does it take to sell a home in Sturgeon Lake Township, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 Days | 4 Days | -91.8% |
Summary: Homes in Sturgeon Lake Township had an average of 4 days on market in Nov 2024, down by 91.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were 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 November 2024, 1 homes were sold in Sturgeon Lake 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.
