Is Blue Hill Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Blue Hill Township was a Seller's Market.
Key Takeaway
Blue Hill Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Blue Hill Township, MN
How much do homes in Blue Hill Township, MN cost?
Median Sold Price
$374,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Blue Hill Township have sold for 6.8% less than they did a year ago.
Summary: The median home sold price in Blue Hill Township was $374,000 in April 2024, down 6.8% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $195K | N/A |
| 2 Bedrooms | $301.3K | $345K | +14.5% |
| 3 Bedrooms | $401.1K | $377K | -6.0% |
| 4 Bedrooms | $435K | $370K | -14.9% |
| 5+ Bedrooms | $490K | $405K | -17.3% |
Summary: Blue Hill 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 14.5%, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 14.9%, and 5+ bedroom homes decreased by 17.3%.
Median Sold Price Compared To Nearby Cities
| Baldwin Township | $397.4K | $395.1K | -0.6% |
| Princeton Township | $350K | $337.5K | -3.6% |
| Blue Hill Township | $401.1K | $374K | -6.8% |
Housing Supply in Blue Hill Township, MN
How many homes are available in Blue Hill Township, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Summary: The Blue Hill Township real estate market had 7 homes for sale in April 2024, a 40.0% 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 | 1 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Blue Hill 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blue Hill Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Blue Hill Township in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Blue Hill Township, MN
How long does it take to sell a home in Blue Hill Township, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 14 Days | -66.3% |
Summary: Homes in Blue Hill Township had an average of 14 days on market in Apr 2024, down by 66.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Blue Hill Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Blue Hill Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
