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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wood Lake Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Wood Lake Township, MN

How much do homes in Wood Lake Township, 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 Township have sold for 35.9% more than they did a month ago.

Summary: The median home sold price in Wood Lake Township 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

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 -$290K
N/A
4 $163K$153K
-6.1%
5+ --
N/A

Summary: Wood Lake 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 decreased by 6.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Wood Lake Township
+35.9%
Wood Lake
+35.9%

Housing Supply in Wood Lake Township, MN

How many homes are available in Wood Lake Township, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
440.0%

Summary: The Wood Lake Township real estate market had 4 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 12
+100.0%
4 32
-33.3%
5+ 00
0.0%

Summary: The Wood Lake 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 100%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wood Lake Township, 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 Township 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 Township, MN

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

Average Sale Time

Sep 2024Oct 2024CHANGE
149 Days149 Days0.0%

Summary: Homes in Wood Lake Township 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

Breakdown of Home Sale Times

Key Takeaway

Most homes in Wood Lake Township 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 Township; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Wood Lake Township, MN

Nearby Markets to Wood Lake Township, MN