Is Turtle Lake Township, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Turtle Lake Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Turtle Lake Township was a Buyer's Market.

Key Takeaway

Turtle Lake Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Turtle Lake Township, MN

How much do homes in Turtle Lake Township, MN cost?

Median Sold Price

$675,000

$290/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$50,000(+8.0%)

Key Takeaway

Homes in Turtle Lake Township have sold for 8% more than they did a month ago.

Summary: The median home sold price in Turtle Lake Township was $675,000 in October 2024, up 8% from last month, and the median price per square foot was $290.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$433.5K
N/A
3 -$675K
N/A
4 --
N/A
5+ $625K-
N/A

Summary: Turtle Lake 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 did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Turtle Lake Township, MN

How many homes are available in Turtle Lake Township, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
98-11.1%

Summary: The Turtle Lake Township real estate market had 8 homes for sale in October 2024, a 11.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 44
0.0%
4 11
0.0%
5+ 21
-50.0%

Summary: The Turtle 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 decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Turtle 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 Turtle Lake Township in October 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 Turtle Lake Township, MN

How long does it take to sell a home in Turtle Lake Township, MN?

Average Sale Time

Sep 2024Oct 2024CHANGE
42 Days15 Days-63.1%

Summary: Homes in Turtle Lake Township had an average of 15 days on market in Oct 2024, down by 63.1% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Turtle Lake Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in Turtle Lake Township; 67% 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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