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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Watab Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Watab Township, MN

How much do homes in Watab Township, MN cost?

Median Sold Price

$311,000

$143/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$76,500(-19.7%)

Key Takeaway

Homes in Watab Township have sold for 19.7% less than they did a month ago.

Summary: The median home sold price in Watab Township was $311,000 in November 2024, down 19.7% from last month, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$290K
N/A
3 $235K-
N/A
4 $540K$311K
-42.4%
5+ -$425K
N/A

Summary: Watab Township housing prices by bedroom type for November 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 decreased by 42.4%, and 5+ bedroom homes did not change.

Housing Supply in Watab Township, MN

How many homes are available in Watab Township, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
89+12.5%

Summary: The Watab Township real estate market had 9 homes for sale in November 2024, a 12.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 24
+100.0%
4 21
-50.0%
5+ 33
0.0%

Summary: The Watab 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 increased by 100%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer67%33%

Key Takeaway

If you're buying a home in Watab Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Watab Township in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Watab Township, MN

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

Average Sale Time

Oct 2024Nov 2024CHANGE
3 Days30 Days+922.2%

Summary: Homes in Watab Township had an average of 30 days on market in Nov 2024, up by 922.2% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times67%33%

Key Takeaway

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

Summary: During November 2024, 3 homes were sold in Watab Township; 33% of homes were sold within 30 days, 67% 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 20 Days Ago

Newest Listings in Watab Township, MN

Nearby Markets to Watab Township, MN

What housing markets are near Watab Township, MN?