$8,014 Closing Credit*
$674,900
2,494 SqFt
3 Beds
•2 Full Baths
Listing Office: Bridge Realty, LLC
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 November 2023
Since last year, West Lakeland Township has remained a Seller's Market.
Key Takeaway
West Lakeland Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Lakeland Township, MN
How much do homes in West Lakeland Township, MN cost?
Median Sold Price
$800,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$134,425(+20.2%)
Key Takeaway
Homes in West Lakeland Township have sold for 20.2% more than they did a year ago.
Summary: The median home sold price in West Lakeland Township was $800,000 in November 2024, up 20.2% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $492K | $285K | -42.1% |
| 3 Bedrooms | $562K | $522.9K | -6.9% |
| 4 Bedrooms | $684.5K | $922.9K | +34.8% |
| 5+ Bedrooms | $787K | $1.0M | +39.0% |
Summary: West Lakeland 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 decreased by 42.1%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 34.8%, and 5+ bedroom homes increased by 39%.
Median Sold Price Compared To Nearby Cities
| West Lakeland Township | $665.5K | $800K | +20.2% |
| North Hudson | $415K | $441.2K | +6.3% |
| Lake Elmo | $644.9K | $675K | +4.7% |
| Lakeland | $381K | $375K | -1.6% |
Housing Supply in West Lakeland Township, MN
How many homes are available in West Lakeland Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 18 | +5.9% |
Summary: The West Lakeland Township real estate market had 18 homes for sale in November 2024, a 5.9% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The West Lakeland 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 40%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Lakeland Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in West Lakeland Township in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 48 Days | 28 Days | -42.3% |
Summary: Homes in West Lakeland Township had an average of 28 days on market in Nov 2024, down by 42.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 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 November 2024, 4 homes were sold in West Lakeland Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
