$4,155 Closing Credit*
$349,900
4,312 SqFt
4 Beds
•2 Full Baths
Listing Office: MN DIRECT PROPERTIES
Is Trout 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, Trout Lake Township has remained a Seller's Market.
Key Takeaway
Trout Lake Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Trout Lake Township, MN
How much do homes in Trout Lake Township, MN cost?
Median Sold Price
$279,500
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$39,500(+16.5%)
Key Takeaway
Homes in Trout Lake Township have sold for 16.5% more than they did a year ago.
Summary: The median home sold price in Trout Lake Township was $279,500 in October 2024, up 16.5% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $240K | $224.5K | -6.5% |
| 3 Bedrooms | $244.5K | $253.2K | +3.6% |
| 4 Bedrooms | $311.2K | $565K | +81.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Trout 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 decreased by 6.5%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 81.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Coleraine | $172K | $249.5K | +45.1% |
| Bovey | $222.7K | $272K | +22.1% |
| Trout Lake Township | $240K | $279.5K | +16.5% |
Housing Supply in Trout Lake Township, MN
How many homes are available in Trout Lake Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Summary: The Trout Lake Township real estate market had 5 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Trout 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 |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 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 Trout 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 2 homes were sold or pending in Trout Lake Township in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Trout Lake Township, MN
How long does it take to sell a home in Trout Lake Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 88 Days | +152.9% |
Summary: Homes in Trout Lake Township had an average of 88 days on market in Oct 2024, up by 152.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Trout Lake Township has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Trout Lake 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.
