$7,718 Closing Credit*
$649,900
1,776 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: RE/MAX Results
Is Wakefield Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Wakefield Township has remained a Seller's Market.
Key Takeaway
Wakefield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wakefield Township, MN
How much do homes in Wakefield Township, MN cost?
Median Sold Price
$429,900
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$54,100(-11.2%)
Key Takeaway
Homes in Wakefield Township have sold for 11.2% less than they did a year ago.
Summary: The median home sold price in Wakefield Township was $429,900 in November 2024, down 11.2% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $327.4K | N/A |
| 3 Bedrooms | $472.7K | $370K | -21.7% |
| 4 Bedrooms | $512K | $433.4K | -15.3% |
| 5+ Bedrooms | $599.9K | $535K | -10.8% |
Summary: Wakefield Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 21.7%, 4 bedroom homes decreased by 15.3%, and 5+ bedroom homes decreased by 10.8%.
Median Sold Price Compared To Nearby Cities
| Munson Township | $375K | $459K | +22.4% |
| Richmond | $329.9K | $345K | +4.6% |
| Cold Spring | $318.9K | $322.7K | +1.2% |
| Wakefield Township | $484K | $429.9K | -11.2% |
Housing Supply in Wakefield Township, MN
How many homes are available in Wakefield Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Summary: The Wakefield Township real estate market had 17 homes for sale in November 2024, a 13.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Wakefield Township housing inventory by bedroom type for November 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 increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wakefield Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Wakefield Township in November 2024, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Wakefield Township, MN
How long does it take to sell a home in Wakefield Township, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 61 Days | 32 Days | -46.4% |
Summary: Homes in Wakefield Township had an average of 32 days on market in Nov 2024, down by 46.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wakefield Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Wakefield Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
