$1,780 Closing Credit*
$149,900
1,400 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Weichert RE - Paulson Land Co
Is Underwood Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Underwood Township has remained a Seller's Market.
Key Takeaway
Underwood Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Underwood Township, MN
How much do homes in Underwood Township, MN cost?
Median Sold Price
$289,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$6,000(-2.0%)
Key Takeaway
Homes in Underwood Township have sold for 2% less than they did a year ago.
Summary: The median home sold price in Underwood Township was $289,000 in August 2024, down 2% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $333.7K | $348K | +4.3% |
| 2 Bedrooms | $324.5K | $272.5K | -16.0% |
| 3 Bedrooms | $269.5K | $250K | -7.2% |
| 4 Bedrooms | $247.4K | $391K | +58.0% |
| 5+ Bedrooms | $395.5K | $510K | +29.0% |
Summary: Underwood Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes decreased by 16%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes increased by 58%, and 5+ bedroom homes increased by 29%.
Housing Supply in Underwood Township, MN
How many homes are available in Underwood Township, MN?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 29 | 24 | -17.2% |
Summary: The Underwood Township real estate market had 24 homes for sale in August 2024, a 17.2% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 8 | 5 | -37.5% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Underwood Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 37.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 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. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Underwood Township in August 2024, up by 66.7% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 27 Days | 27 Days | 0.4% |
Summary: Homes in Underwood Township had an average of 27 days on market in Aug 2024, up by 0.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 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 August 2024, 10 homes were sold in Underwood Township; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
