$750,000
Land
Listing Office: Whitetail Properties Real
Is Welch Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Welch Township has remained a Seller's Market.
Key Takeaway
Welch Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Welch Township, MN
How much do homes in Welch Township, MN cost?
Median Sold Price
$425,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$86,500(-16.9%)
Key Takeaway
Homes in Welch Township have sold for 16.9% less than they did a year ago.
Summary: The median home sold price in Welch Township was $425,000 in October 2024, down 16.9% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $590K | $190K | -67.8% |
| 3 Bedrooms | $490K | $435K | -11.2% |
| 4 Bedrooms | $802.5K | $415K | -48.3% |
| 5+ Bedrooms | $600K | $750K | +25.0% |
Summary: Welch Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 67.8%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes decreased by 48.3%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
| Welch Township | $511.5K | $425K | -16.9% |
| Welch | $540.6K | $425K | -21.4% |
Housing Supply in Welch Township, MN
How many homes are available in Welch Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Summary: The Welch Township real estate market had 3 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Welch 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Welch Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Welch Township in October 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Welch Township, MN
We’re sorry, we don't have information for this market at the moment
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 Welch Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Welch 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.
