Is Clear 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, Clear Lake Township was a Buyer's Market.
Key Takeaway
Clear Lake Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Clear Lake Township, MN
How much do homes in Clear Lake Township, MN cost?
Median Sold Price
$376,500
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Clear Lake Township have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Clear Lake Township was $376,500 in April 2024, down 0.8% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $266K | $399.9K | +50.3% |
| 2 Bedrooms | $350K | $279.9K | -20.0% |
| 3 Bedrooms | $375K | $357.4K | -4.7% |
| 4 Bedrooms | $435.5K | $455K | +4.5% |
| 5+ Bedrooms | $650K | $422.5K | -35.0% |
Summary: Clear Lake Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50.3%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 35%.
Median Sold Price Compared To Nearby Cities
| Clearwater Township | $298.5K | $327.9K | +9.9% |
| Clearwater | $297K | $325K | +9.4% |
| Clearwater | $308K | $331.2K | +7.5% |
| Clear Lake | $375K | $376.5K | 0.4% |
| Clear Lake Township | $379.5K | $376.5K | -0.8% |
Housing Supply in Clear Lake Township, MN
How many homes are available in Clear Lake Township, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 28 | +3.7% |
Summary: The Clear Lake Township real estate market had 28 homes for sale in April 2024, a 3.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Clear 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clear Lake Township, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Clear Lake Township in April 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Clear Lake Township, MN
How long does it take to sell a home in Clear Lake Township, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 93 Days | 32 Days | -65.3% |
Summary: Homes in Clear Lake Township had an average of 32 days on market in Apr 2024, down by 65.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Clear Lake Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Clear Lake Township; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
