Is Maple Grove Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Maple Grove Township has remained a Seller's Market.
Key Takeaway
Maple Grove Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Maple Grove Township, MN
How much do homes in Maple Grove Township, MN cost?
Median Sold Price
$397,398
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Maple Grove Township have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Maple Grove Township was $397,398 in April 2024, up 1.7% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $255K | N/A |
| 2 Bedrooms | $280K | $281.5K | 0.5% |
| 3 Bedrooms | $353.6K | $360K | +1.8% |
| 4 Bedrooms | $470.1K | $475K | +1.0% |
| 5+ Bedrooms | $650K | $711.7K | +9.5% |
Summary: Maple Grove Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Cities
| Maple Grove Township | $390.8K | $397.3K | +1.7% |
| Long Lake Township | $547.5K | $550.5K | +0.6% |
| Garrison Township | $275K | $267.5K | -2.7% |
Housing Supply in Maple Grove Township, MN
How many homes are available in Maple Grove Township, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 273 | 366 | +34.1% |
Summary: The Maple Grove Township real estate market had 366 homes for sale in April 2024, a 34.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 43 | 61 | +41.9% |
| 3 Bedrooms | 83 | 127 | +53.0% |
| 4 Bedrooms | 83 | 105 | +26.5% |
| 5+ Bedrooms | 64 | 73 | +14.1% |
Summary: The Maple Grove Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 41.9%, 3 bedroom homes increased by 53%, 4 bedroom homes increased by 26.5%, and 5+ bedroom homes increased by 14.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 60 | 90 | +50.0% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Maple Grove Township, you could pay more than the asking price. 43.3% of homes here sold above asking price last month.
Summary: A total of 90 homes were sold or pending in Maple Grove Township in April 2024, up by 50.0% month-over-month. Of the 90 sold homes, 31% were sold under asking, 26% were sold at asking, and 43% were sold over asking.
Days on Market for Maple Grove Township, MN
How long does it take to sell a home in Maple Grove Township, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 27 Days | +13.8% |
Summary: Homes in Maple Grove Township had an average of 27 days on market in Apr 2024, up by 13.8% compared to last year.
Breakdown of Home Sale Times
71 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Maple Grove Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 90 homes were sold in Maple Grove Township; 79% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
