Is Chisago Lake Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Chisago Lake Township was a Seller's Market.
Housing Prices in Chisago Lake Township, MN
How much do homes in Chisago Lake Township, MN cost?
Median Sold Price
$567,500
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Chisago Lake Township was $567,500 in February 2024, up 26.1% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $322.5K | $405K | +25.6% |
2 Bedrooms | $470K | $495K | +5.3% |
3 Bedrooms | $432.5K | $405K | -6.4% |
4 Bedrooms | $432.5K | $699.9K | +61.8% |
5+ Bedrooms | $596.1K | $632.5K | +6.1% |
Summary: Chisago Lake Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.6%, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 61.8%, and 5+ bedroom homes increased by 6.1%.
Median Sold Price Compared To Nearby Cities
Chisago Lake Township | $450K | $567.5K | +26.1% |
Lindstrom | $365K | $375K | +2.7% |
Chisago City | $436.2K | $443.5K | +1.7% |
Housing Supply in Chisago Lake Township, MN
How many homes are available in Chisago Lake Township, MN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
13 | 14 | +7.7% |
Summary: The Chisago Lake Township real estate market had 14 homes for sale in February 2024, a 7.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Chisago Lake Township housing inventory by bedroom type for February 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 increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 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
Summary: A total of 1 homes were sold or pending in Chisago Lake Township in February 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 Chisago Lake Township, MN
How long does it take to sell a home in Chisago Lake Township, MN?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
35 Days | 130 Days | +271.4% |
Summary: Homes in Chisago Lake Township had an average of 130 days on market in Feb 2024, up by 271.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 1 homes were sold in Chisago Lake Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.