Is Austin 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, Austin Township has remained a Seller's Market.
Key Takeaway
Austin Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Austin Township, MN
How much do homes in Austin Township, MN cost?
Median Sold Price
$180,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Austin Township have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Austin Township was $180,000 in April 2024, up 5.9% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77K | $55.8K | -27.5% |
| 2 Bedrooms | $130K | $143.7K | +10.6% |
| 3 Bedrooms | $170K | $169K | -0.6% |
| 4 Bedrooms | $252.5K | $299.9K | +18.8% |
| 5+ Bedrooms | $355K | $325K | -8.5% |
Summary: Austin Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.5%, 2 bedroom homes increased by 10.6%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 8.5%.
Median Sold Price Compared To Nearby Cities
| Austin Township | $170K | $180K | +5.9% |
| Austin | $169.9K | $180K | +5.9% |
| Windom Township | $178.5K | $171.2K | -4.1% |
Housing Supply in Austin Township, MN
How many homes are available in Austin Township, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 90 | 105 | +16.7% |
Summary: The Austin Township real estate market had 105 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 22 | 31 | +40.9% |
| 3 Bedrooms | 33 | 40 | +21.2% |
| 4 Bedrooms | 22 | 20 | -9.1% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Austin Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 40.9%, 3 bedroom homes increased by 21.2%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 36 | +89.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Austin Township, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Austin Township in April 2024, up by 89.5% month-over-month. Of the 36 sold homes, 42% were sold under asking, 17% were sold at asking, and 42% were sold over asking.
Days on Market for Austin Township, MN
How long does it take to sell a home in Austin Township, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 52 Days | 55 Days | +6.7% |
Summary: Homes in Austin Township had an average of 55 days on market in Apr 2024, up by 6.7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Austin Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 36 homes were sold in Austin Township; 61% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
