Is La Grand Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, La Grand Township has remained a Seller's Market.
Housing Prices in La Grand Township, MN
How much do homes in La Grand Township, MN cost?
Median Sold Price
$385,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in La Grand Township was $385,000 in May 2024, up 13.7% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $286K | $280K | -2.1% |
3 Bedrooms | $263.5K | $300K | +13.9% |
4 Bedrooms | $387.4K | $405K | +4.5% |
5+ Bedrooms | $496.7K | $550K | +10.7% |
Summary: La Grand Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Cities
Garfield | $215K | $358.5K | +66.7% |
Alexandria | $295K | $340K | +15.3% |
La Grand Township | $338.5K | $385K | +13.7% |
Alexandria Township | $300K | $341K | +13.7% |
Ida Township | $420K | $439.9K | +4.7% |
Housing Supply in La Grand Township, MN
How many homes are available in La Grand Township, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 32 | +18.5% |
Summary: The La Grand Township real estate market had 32 homes for sale in May 2024, a 18.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 3 | 9 | +200.0% |
4 Bedrooms | 12 | 9 | -25.0% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The La Grand Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 200%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in La Grand Township in May 2024, up by 40.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for La Grand Township, MN
How long does it take to sell a home in La Grand Township, MN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
6 Days | 45 Days | +581.4% |
Summary: Homes in La Grand Township had an average of 45 days on market in May 2024, up by 581.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in La Grand Township; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.