Is Cedar Lake 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, Cedar Lake Township was a Neutral Market.
Key Takeaway
Cedar Lake Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cedar Lake Township, MN
How much do homes in Cedar Lake Township, MN cost?
Median Sold Price
$747,950
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cedar Lake Township have sold for 19.7% more than they did a year ago.
Summary: The median home sold price in Cedar Lake Township was $747,950 in April 2024, up 19.7% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $517.2K | - | N/A |
| 3 Bedrooms | $466K | $625K | +34.1% |
| 4 Bedrooms | $655K | $747.5K | +14.1% |
| 5+ Bedrooms | $775K | $748.9K | -3.4% |
Summary: Cedar Lake 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 did not change, 3 bedroom homes increased by 34.1%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Cities
| Cedar Lake Township | $625K | $747.9K | +19.7% |
| New Market Township | $601.2K | $615K | +2.3% |
| New Prague | $365K | $365K | 0.0% |
| Webster | $559.3K | $496.9K | -11.2% |
Housing Supply in Cedar Lake Township, MN
How many homes are available in Cedar Lake Township, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Summary: The Cedar Lake Township real estate market had 9 homes for sale in April 2024, a 10.0% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Cedar Lake 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Lake Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Cedar Lake Township in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Cedar Lake Township, MN
How long does it take to sell a home in Cedar Lake Township, MN?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cedar Lake Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Cedar Lake 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.
