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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Turtle River Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Turtle River Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Turtle River Township, MN

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

Median Sold Price

$485,000

$177/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$159,900(+49.2%)

Key Takeaway

Homes in Turtle River Township have sold for 49.2% more than they did a month ago.

Summary: The median home sold price in Turtle River Township was $485,000 in October 2024, up 49.2% from last month, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $303.2K$425K
+40.2%
3 -$368.7K
N/A
4 $347K$545K
+57.1%
5+ --
N/A

Summary: Turtle River 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 40.2%, 3 bedroom homes did not change, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes did not change.

Housing Supply in Turtle River Township, MN

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
98-11.1%

Summary: The Turtle River 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 22
0.0%
2 21
-50.0%
3 33
0.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Turtle River 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Turtle River Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Turtle River Township in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Turtle River Township, MN

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

Average Sale Time

Sep 2024Oct 2024CHANGE
56 Days31 Days-44.2%

Summary: Homes in Turtle River Township had an average of 31 days on market in Oct 2024, down by 44.2% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Turtle River Township has remained consistent over time.

Summary: During October 2024, 4 homes were sold in Turtle River Township; 25% of homes were sold within 30 days, 75% 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

Newest Listings in Turtle River Township, MN

Nearby Markets to Turtle River Township, MN

What housing markets are near Turtle River Township, MN?