$3,443 Closing Credit*
$289,900
1,152 SqFt
3 Beds
•1 Full Bath
WJ River Rockenstein, Listing Office: Messina & Associates Real Estate
Is Thomson 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, Thomson Township was a Neutral Market.
Key Takeaway
Thomson Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Thomson Township, MN
How much do homes in Thomson Township, MN cost?
Median Sold Price
$334,950
$168/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$145,450(+76.8%)
Key Takeaway
Homes in Thomson Township have sold for 76.8% more than they did a month ago.
Summary: The median home sold price in Thomson Township was $334,950 in October 2024, up 76.8% from last month, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $140K | $223K | +59.3% |
| 3 Bedrooms | $239K | $345K | +44.4% |
| 4 Bedrooms | - | $525K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Thomson 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 59.3%, 3 bedroom homes increased by 44.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Thomson Township | $189.5K | $334.9K | +76.8% |
| Esko | $189.5K | $324.9K | +71.5% |
| Scanlon | $230K | $220K | -4.3% |
| Twin Lakes Township | $400K | $365.5K | -8.6% |
Housing Supply in Thomson Township, MN
How many homes are available in Thomson Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 34 | +25.9% |
Summary: The Thomson Township real estate market had 34 homes for sale in October 2024, a 25.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Thomson Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 11 | +175.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Thomson Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Thomson Township in October 2024, up by 175.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for Thomson Township, MN
How long does it take to sell a home in Thomson Township, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 16 Days | -38.9% |
Summary: Homes in Thomson Township had an average of 16 days on market in Oct 2024, down by 38.9% compared to last month.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Thomson Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Thomson Township; 91% 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.
