$4,749 Closing Credit*
$399,900
3,308 SqFt
5 Beds
•2 Full Baths, 1 Partial
Listing Office: RE/MAX Results
Is Zumbrota Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Zumbrota Township has remained a Seller's Market.
Key Takeaway
Zumbrota Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Zumbrota Township, MN
How much do homes in Zumbrota Township, MN cost?
Median Sold Price
$300,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+5.3%)
Key Takeaway
Homes in Zumbrota Township have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Zumbrota Township was $300,000 in October 2024, up 5.3% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $502K | - | N/A |
| 2 Bedrooms | $259.9K | $297.5K | +14.5% |
| 3 Bedrooms | $265K | $269.4K | +1.7% |
| 4 Bedrooms | $312.4K | $349.9K | +12.0% |
| 5+ Bedrooms | $459.9K | $443.8K | -3.5% |
Summary: Zumbrota Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 12%, and 5+ bedroom homes decreased by 3.5%.
Median Sold Price Compared To Nearby Cities
| Pine Island Township | $350.5K | $379.9K | +8.4% |
| Zumbrota | $277K | $299.9K | +8.3% |
| Zumbrota Township | $285K | $300K | +5.3% |
Housing Supply in Zumbrota Township, MN
How many homes are available in Zumbrota Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 25 | -16.7% |
Summary: The Zumbrota Township real estate market had 25 homes for sale in October 2024, a 16.7% decrease 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Zumbrota 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 decreased by 16.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Zumbrota Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Zumbrota Township in October 2024, down by 12.5% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Zumbrota Township, MN
How long does it take to sell a home in Zumbrota Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 64 Days | 52 Days | -18.7% |
Summary: Homes in Zumbrota Township had an average of 52 days on market in Oct 2024, down by 18.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Zumbrota Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Zumbrota Township; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
