$10,000 Closing Credit*
$849,900
4,206 SqFt
4 Beds
•2 Full Baths, 2 Partial
Listing Office: Edina Realty, Inc.
Is West Lakeland Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, West Lakeland Township was a Seller's Market.
Key Takeaway
West Lakeland Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Lakeland Township, MN
How much do homes in West Lakeland Township, MN cost?
Median Sold Price
$700,000
$229/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$7,050(+1.0%)
Key Takeaway
Homes in West Lakeland Township have sold for 1% more than they did a month ago.
Summary: The median home sold price in West Lakeland Township was $700,000 in October 2024, up 1% from last month, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $485.9K | - | N/A |
| 4 Bedrooms | $900K | - | N/A |
| 5+ Bedrooms | - | $700K | N/A |
Summary: West Lakeland Township housing prices by bedroom type for October 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 did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| North Hudson | $368K | $393.5K | +6.9% |
| West Lakeland Township | $692.9K | $700K | +1.0% |
Housing Supply in West Lakeland Township, MN
How many homes are available in West Lakeland Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 18 | +80.0% |
Summary: The West Lakeland Township real estate market had 18 homes for sale in October 2024, a 80.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The West Lakeland 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 increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
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 West Lakeland 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 West Lakeland Township in October 2024, down by 50.0% 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 West Lakeland Township, MN
How long does it take to sell a home in West Lakeland Township, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 10 Days | -62.3% |
Summary: Homes in West Lakeland Township had an average of 10 days on market in Oct 2024, down by 62.3% compared to last month.
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 West Lakeland Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in West Lakeland 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.
