$150,000
Land
Listing Office: RE/MAX Experience
Is Young America Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Young America Township was a Seller's Market.
Key Takeaway
Young America Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Young America Township, MN
How much do homes in Young America Township, MN cost?
Median Sold Price
$299,250
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$15,249(-4.8%)
Key Takeaway
Homes in Young America Township have sold for 4.8% less than they did a year ago.
Summary: The median home sold price in Young America Township was $299,250 in November 2024, down 4.8% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $249.9K | $254.9K | +2.0% |
| 3 Bedrooms | $311K | $273.5K | -12.1% |
| 4 Bedrooms | $315K | $352.5K | +11.9% |
| 5+ Bedrooms | $667.5K | $450K | -32.6% |
Summary: Young America 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 increased by 2%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes decreased by 32.6%.
Median Sold Price Compared To Nearby Cities
| Norwood Young America | $282.2K | $283K | 0.3% |
| Young America Township | $314.4K | $299.2K | -4.8% |
| Young America | $314K | $297K | -5.4% |
Housing Supply in Young America Township, MN
How many homes are available in Young America Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Summary: The Young America Township real estate market had 6 homes for sale in November 2024, a 25.0% decrease 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Young America 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 decreased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Young America Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Young America Township in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Young America Township, MN
How long does it take to sell a home in Young America Township, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 22 Days | -26.7% |
Summary: Homes in Young America Township had an average of 22 days on market in Nov 2024, down by 26.7% compared to last year.
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 Young America Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Young America 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.
