Is Belle Plaine 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, Belle Plaine Township has remained a Seller's Market.
Key Takeaway
Belle Plaine Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Belle Plaine Township, MN
How much do homes in Belle Plaine Township, MN cost?
Median Sold Price
$339,950
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Belle Plaine Township have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Belle Plaine Township was $339,950 in April 2024, up 1.5% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $160K | N/A |
| 2 Bedrooms | $270K | $289.9K | +7.4% |
| 3 Bedrooms | $312.5K | $320K | +2.4% |
| 4 Bedrooms | $346K | $352.4K | +1.9% |
| 5+ Bedrooms | $386K | $389K | +0.8% |
Summary: Belle Plaine 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 7.4%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Cities
| Belle Plaine Township | $335K | $339.9K | +1.5% |
| Belle Plaine | $335K | $339.9K | +1.5% |
Housing Supply in Belle Plaine Township, MN
How many homes are available in Belle Plaine Township, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 60 | +66.7% |
Summary: The Belle Plaine Township real estate market had 60 homes for sale in April 2024, a 66.7% 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 | 1 | 3 | +200.0% |
| 3 Bedrooms | 15 | 28 | +86.7% |
| 4 Bedrooms | 15 | 23 | +53.3% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Belle Plaine 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 200%, 3 bedroom homes increased by 86.7%, 4 bedroom homes increased by 53.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Belle Plaine Township, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Belle Plaine Township in April 2024, up by 57.1% month-over-month. Of the 11 sold homes, 18% were sold under asking, 45% were sold at asking, and 36% were sold over asking.
Days on Market for Belle Plaine Township, MN
How long does it take to sell a home in Belle Plaine Township, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 50 Days | 38 Days | -24.2% |
Summary: Homes in Belle Plaine Township had an average of 38 days on market in Apr 2024, down by 24.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Belle Plaine Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in Belle Plaine Township; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
