$279,900
Land
Listing Office: Edina Realty, Inc.
Is Credit River Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Credit River Township was a Buyer's Market.
Key Takeaway
Credit River Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Credit River Township, MN
How much do homes in Credit River Township, MN cost?
Median Sold Price
$870,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$130,000(+17.6%)
Key Takeaway
Homes in Credit River Township have sold for 17.6% more than they did a year ago.
Summary: The median home sold price in Credit River Township was $870,000 in September 2024, up 17.6% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $550K | N/A |
| 3 Bedrooms | $441K | $517.5K | +17.3% |
| 4 Bedrooms | $726K | $815K | +12.3% |
| 5+ Bedrooms | $935K | $1.2M | +28.3% |
Summary: Credit River Township housing prices by bedroom type for September 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 17.3%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 28.3%.
Median Sold Price Compared To Nearby Cities
| Credit River Township | $740K | $870K | +17.6% |
| Lakeville | $474.3K | $489.9K | +3.3% |
| Spring Lake Township | $720K | $739.4K | +2.7% |
| Prior Lake | $482.8K | $495K | +2.5% |
| Savage | $412.7K | $421K | +2.0% |
Housing Supply in Credit River Township, MN
How many homes are available in Credit River Township, MN?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 45 | 47 | +4.4% |
Summary: The Credit River Township real estate market had 47 homes for sale in September 2024, a 4.4% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 18 | 20 | +11.1% |
| 5+ Bedrooms | 19 | 18 | -5.3% |
Summary: The Credit River Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Credit River Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Credit River Township in September 2024, up by 66.7% month-over-month. Of the 10 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% were sold over asking.
Days on Market for Credit River Township, MN
How long does it take to sell a home in Credit River Township, MN?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 1 Days | 39 Days | +2258.0% |
Summary: Homes in Credit River Township had an average of 39 days on market in Sep 2024, up by 2258% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Credit River Township has remained consistent over time.
Summary: During September 2024, 10 homes were sold in Credit River Township; 40% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
