$1,722 Closing Credit*
$145,000
1,713 SqFt
4 Beds
•1 Full Bath
Listing Office: Keller Williams Preferred Realty
Is Wood Lake, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Wood Lake has remained a Seller's Market.
Key Takeaway
Wood Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wood Lake, MN
How much do homes in Wood Lake, MN cost?
Median Sold Price
$221,500
$105/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$58,500(+35.9%)
Key Takeaway
Homes in Wood Lake have sold for 35.9% more than they did a month ago.
Summary: The median home sold price in Wood Lake was $221,500 in October 2024, up 35.9% from last month, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $290K | N/A |
| 4 Bedrooms | $163K | $153K | -6.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Wood Lake 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 decreased by 6.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Wood Lake | $163K | $221.5K | +35.9% |
| Wood Lake Township | $163K | $221.5K | +35.9% |
Housing Supply in Wood Lake, MN
How many homes are available in Wood Lake, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Summary: The Wood Lake real estate market had 4 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Wood Lake 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 100%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wood Lake, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Wood Lake in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Wood Lake, MN
How long does it take to sell a home in Wood Lake, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 149 Days | 149 Days | 0.0% |
Summary: Homes in Wood Lake had an average of 149 days on market in Oct 2024, the same as last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Wood Lake are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 2 homes were sold in Wood Lake; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
