Is Biwabik Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Biwabik Township was a Neutral Market.
Housing Prices in Biwabik Township, MN
How much do homes in Biwabik Township, MN cost?
Median Sold Price
$132,000
$219/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Biwabik Township was $132,000 in April 2024, down 24% from last month, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $104K | N/A |
2 Bedrooms | $173.7K | $132K | -24.0% |
3 Bedrooms | - | $517.4K | N/A |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Biwabik Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Biwabik Township | $173.7K | $132K | -24.0% |
Biwabik | $173.7K | $105K | -39.6% |
White Township | $150K | $67K | -55.3% |
Housing Supply in Biwabik Township, MN
How many homes are available in Biwabik Township, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 14 | 0.0% |
Summary: The Biwabik Township real estate market had 14 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 3 | 1 | -66.7% |
3 Bedrooms | 8 | 8 | 0.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Biwabik Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Biwabik Township in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Biwabik Township, MN
How long does it take to sell a home in Biwabik Township, MN?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 85 Days | +161.5% |
Summary: Homes in Biwabik Township had an average of 85 days on market in Apr 2024, up by 161.5% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Biwabik Township; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.