Is Detroit 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, Detroit Township was a Seller's Market.
Housing Prices in Detroit Township, MN
How much do homes in Detroit Township, MN cost?
Median Sold Price
$435,000
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Detroit Township was $435,000 in April 2024, up 8.2% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240K | - | N/A |
2 Bedrooms | $300K | $205K | -31.7% |
3 Bedrooms | $406.5K | $445K | +9.5% |
4 Bedrooms | $495K | $502K | +1.4% |
5+ Bedrooms | $519K | $1.1M | +111.9% |
Summary: Detroit 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 decreased by 31.7%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 111.9%.
Median Sold Price Compared To Nearby Cities
Detroit Township | $402K | $435K | +8.2% |
Detroit Lakes | $325K | $340K | +4.6% |
Lake View Township | $507.5K | $510K | 0.5% |
Housing Supply in Detroit Township, MN
How many homes are available in Detroit Township, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 20 | +11.1% |
Summary: The Detroit Township real estate market had 20 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 7 | 10 | +42.9% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Detroit 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 remained the same, 3 bedroom homes increased by 42.9%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Detroit Township in April 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Detroit Township, MN
How long does it take to sell a home in Detroit Township, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 23 Days | +17.9% |
Summary: Homes in Detroit Township had an average of 23 days on market in Apr 2024, up by 17.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Detroit 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.