$225,000
Land
Listing Office: Trilogy Real Estate
Is Underwood Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Underwood Township was a Seller's Market.
Key Takeaway
Underwood Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Underwood Township, MN
How much do homes in Underwood Township, MN cost?
Median Sold Price
$310,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+8.8%)
Key Takeaway
Homes in Underwood Township have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Underwood Township was $310,000 in October 2024, up 8.8% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $348K | +10.5% |
| 2 Bedrooms | $324.5K | $310K | -4.5% |
| 3 Bedrooms | $279.5K | $250K | -10.6% |
| 4 Bedrooms | $231K | $330K | +42.9% |
| 5+ Bedrooms | $376.5K | $510K | +35.5% |
Summary: Underwood Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 35.5%.
Housing Supply in Underwood Township, MN
How many homes are available in Underwood Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Summary: The Underwood Township real estate market had 10 homes for sale in October 2024, a 16.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Underwood Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Underwood Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Underwood Township in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Underwood Township, MN
How long does it take to sell a home in Underwood Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 18 Days | 0.0% |
Summary: Homes in Underwood Township had an average of 18 days on market in Oct 2024, the same as last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Underwood Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Underwood Township; 100% 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.
