Is Big Lake Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Big Lake Township has remained a Seller's Market.
Housing Prices in Big Lake Township, MN
How much do homes in Big Lake Township, MN cost?
Median Sold Price
$349,933
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $161K | $160.8K | -0.1% |
2 Bedrooms | $240K | $302K | +25.8% |
3 Bedrooms | $340K | $345K | +1.5% |
4 Bedrooms | $370K | $370K | 0.0% |
5+ Bedrooms | $432.5K | $409.9K | -5.2% |
Summary: Big Lake Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes increased by 25.8%, 3 bedroom homes increased by 1.5%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Cities
Orrock Township | $450K | $489.9K | +8.9% |
Monticello Township | $325K | $342K | +5.2% |
Becker Township | $348K | $356K | +2.3% |
Big Lake Township | $350K | $349.9K | 0% |
Big Lake | $350K | $345K | -1.4% |
Housing Supply in Big Lake Township, MN
How many homes are available in Big Lake Township, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
76 | 90 | +18.4% |
Summary: The Big Lake Township real estate market had 90 homes for sale in March 2024, a 18.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 12 | 17 | +41.7% |
3 Bedrooms | 22 | 29 | +31.8% |
4 Bedrooms | 26 | 21 | -19.2% |
5+ Bedrooms | 15 | 21 | +40.0% |
Summary: The Big Lake Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 41.7%, 3 bedroom homes increased by 31.8%, 4 bedroom homes decreased by 19.2%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 16 | -5.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Big Lake Township in March 2024, down by 5.9% month-over-month. Of the 16 sold homes, 31% were sold under asking, 25% were sold at asking, and 44% were sold over asking.
Days on Market for Big Lake Township, MN
How long does it take to sell a home in Big Lake Township, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 25 Days | -24.0% |
Summary: Homes in Big Lake Township had an average of 25 days on market in Mar 2024, down by 24% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Big Lake Township; 56% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.