Is Deer River Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Deer River Township has remained a Seller's Market.
Housing Prices in Deer River Township, MN
How much do homes in Deer River Township, MN cost?
Median Sold Price
$287,500
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Deer River Township was $287,500 in April 2024, up 19.8% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $167.5K | $155K | -7.5% |
2 Bedrooms | $222.4K | $170K | -23.6% |
3 Bedrooms | $212.2K | $340K | +60.2% |
4 Bedrooms | $279.9K | $466.5K | +66.7% |
5+ Bedrooms | $350K | $525K | +50.0% |
Summary: Deer River Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.5%, 2 bedroom homes decreased by 23.6%, 3 bedroom homes increased by 60.2%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 50%.
Median Sold Price Compared To Nearby Cities
Deer River Township | $240K | $287.5K | +19.8% |
Deer River | $240K | $287.5K | +19.8% |
Deer Lake | $387.5K | $352.5K | -9.0% |
Housing Supply in Deer River Township, MN
How many homes are available in Deer River Township, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 14 | 0.0% |
Summary: The Deer River Township real estate market had 14 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 7 | 8 | +14.3% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Deer River Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Deer River Township in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Deer River Township, MN
How long does it take to sell a home in Deer River Township, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 74 Days | +398.3% |
Summary: Homes in Deer River Township had an average of 74 days on market in Apr 2024, up by 398.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Deer River Township; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.