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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cormorant Township is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Cormorant Township was a Seller's Market.

Key Takeaway

Cormorant Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Cormorant Township, MN

How much do homes in Cormorant Township, MN cost?

Median Sold Price

$334,000

$243/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$71,000(-17.5%)

Key Takeaway

Homes in Cormorant Township have sold for 17.5% less than they did a year ago.

Summary: The median home sold price in Cormorant Township was $334,000 in April 2024, down 17.5% from last year, and the median price per square foot was $243.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $280K$295K
+5.4%
3 $456K$368K
-19.3%
4 $640K$960K
+50.0%
5+ $800K-
N/A

Summary: Cormorant 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 5.4%, 3 bedroom homes decreased by 19.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Cormorant Township
-17.5%
Lake Park Township
-34.7%
Audubon Township
-41.9%

Housing Supply in Cormorant Township, MN

How many homes are available in Cormorant Township, MN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
810+25.0%

Summary: The Cormorant Township real estate market had 10 homes for sale in April 2024, a 25.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 02
+100.0%
3 22
0.0%
4 55
0.0%
5+ 11
0.0%

Summary: The Cormorant 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 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cormorant 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 Cormorant Township in April 2024, up by 100.0% 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 Cormorant Township, MN

We’re sorry, we don't have information for this market at the moment

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

Report Updated 18 Days Ago

Newest Listings in Cormorant Township, MN

Nearby Markets to Cormorant Township, MN