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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Zumbrota Township is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Zumbrota Township was a Buyer'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

$308,950

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$32,700(+11.8%)

Key Takeaway

Homes in Zumbrota Township have sold for 11.8% more than they did a year ago.

Summary: The median home sold price in Zumbrota Township was $308,950 in November 2024, up 11.8% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $502K-
N/A
2 $259.9K$307.9K
+18.5%
3 $265K$280K
+5.7%
4 $299.9K$349.9K
+16.7%
5+ $459.9K$443.8K
-3.5%

Summary: Zumbrota 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 18.5%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 3.5%.

Median Sold Price Compared To Nearby Cities

Zumbrota Township
+11.8%
Zumbrota
+10.3%
Pine Island Township
+8.9%

Housing Supply in Zumbrota Township, MN

How many homes are available in Zumbrota Township, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
24240.0%

Summary: The Zumbrota Township real estate market had 24 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 68
+33.3%
3 97
-22.2%
4 87
-12.5%
5+ 12
+100.0%

Summary: The Zumbrota 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 increased by 33.3%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Zumbrota Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Zumbrota Township in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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

Nov 2023Nov 2024CHANGE
25 Days73 Days+194.7%

Summary: Homes in Zumbrota Township had an average of 73 days on market in Nov 2024, up by 194.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Zumbrota Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 6 homes were sold in Zumbrota Township; 33% of homes were sold within 30 days, 17% 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 17 Days Ago

Newest Listings in Zumbrota Township, MN

Nearby Markets to Zumbrota Township, MN