$10,000 Closing Credit*
$934,900
3,435 SqFt
4 Beds
•1 Full Bath, 1 Partial
Listing Office: Heartland Real Estate
Is Thunder 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, Thunder Lake Township was a Neutral Market.
Key Takeaway
Thunder Lake Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Thunder Lake Township, MN
How much do homes in Thunder Lake Township, MN cost?
Median Sold Price
$620,000
$587/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$140,000(+29.2%)
Key Takeaway
Homes in Thunder Lake Township have sold for 29.2% more than they did a month ago.
Summary: The median home sold price in Thunder Lake Township was $620,000 in November 2024, up 29.2% from last month, and the median price per square foot was $587.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $383K | N/A |
| 2 Bedrooms | - | $620K | N/A |
| 3 Bedrooms | $480K | - | N/A |
| 4 Bedrooms | - | $1.2M | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Thunder 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Thunder Lake Township | $480K | $620K | +29.2% |
| Trelipe Township | $485K | $241K | -50.3% |
Housing Supply in Thunder Lake Township, MN
How many homes are available in Thunder Lake Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The Thunder Lake Township real estate market had 5 homes for sale in November 2024, a 16.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 1 | 0 | -100.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Thunder 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 remained the same, 3 bedroom homes decreased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Thunder Lake Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Thunder Lake Township in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Thunder Lake Township, MN
How long does it take to sell a home in Thunder Lake Township, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 60 Days | +328.6% |
Summary: Homes in Thunder Lake Township had an average of 60 days on market in Nov 2024, up by 328.6% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Thunder Lake Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Thunder Lake Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
