Is Corinna Township, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Corinna Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Corinna Township has remained a Seller's Market.

Key Takeaway

Corinna Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Corinna Township, MN

How much do homes in Corinna Township, MN cost?

Median Sold Price

$505,000

$311/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$3,500(-0.7%)

Key Takeaway

Homes in Corinna Township have sold for 0.7% less than they did a year ago.

Summary: The median home sold price in Corinna Township was $505,000 in November 2024, down 0.7% from last year, and the median price per square foot was $311.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $527K$417.5K
-20.8%
2 $390K$345.2K
-11.5%
3 $520K$695K
+33.7%
4 $592.2K$954.2K
+61.1%
5+ $594.9K$585K
-1.7%

Summary: Corinna Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.8%, 2 bedroom homes decreased by 11.5%, 3 bedroom homes increased by 33.7%, 4 bedroom homes increased by 61.1%, and 5+ bedroom homes decreased by 1.7%.

Median Sold Price Compared To Nearby Cities

South Haven
+14.9%
Maple Lake
+1.6%
Clearwater Township
+0.6%
Corinna Township
-0.7%
Annandale
-2.8%

Housing Supply in Corinna Township, MN

How many homes are available in Corinna Township, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2112-42.9%

Summary: The Corinna Township real estate market had 12 homes for sale in November 2024, a 42.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 65
-16.7%
3 74
-42.9%
4 62
-66.7%
5+ 11
0.0%

Summary: The Corinna Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
104-60.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Corinna Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Corinna Township in November 2024, down by 60.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Corinna Township, MN

How long does it take to sell a home in Corinna Township, MN?

Average Sale Time

Nov 2023Nov 2024CHANGE
15 Days24 Days+58.2%

Summary: Homes in Corinna Township had an average of 24 days on market in Nov 2024, up by 58.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Corinna Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in Corinna Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 10 Days Ago

Newest Listings in Corinna Township, MN

Nearby Markets to Corinna Township, MN

What housing markets are near Corinna Township, MN?