Is Dresbach Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Dresbach Township was a Buyer's Market.
Key Takeaway
Dresbach Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dresbach Township, MN
How much do homes in Dresbach Township, MN cost?
Median Sold Price
$503,000
$189/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Dresbach Township have sold for 39.2% less than they did a month ago.
Summary: The median home sold price in Dresbach Township was $503,000 in April 2024, down 39.2% from last month, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $450K | N/A |
| 4 Bedrooms | $827K | $450K | -45.6% |
| 5+ Bedrooms | - | $556K | N/A |
Summary: Dresbach Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 45.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Campbell | $216K | $267.2K | +23.7% |
| Dresbach Township | $827K | $503K | -39.2% |
Housing Supply in Dresbach Township, MN
How many homes are available in Dresbach Township, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The Dresbach Township real estate market had 8 homes for sale in April 2024, a 11.1% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Dresbach 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 remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dresbach 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 Dresbach Township in April 2024, up by 300.0% 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 Dresbach Township, MN
How long does it take to sell a home in Dresbach Township, MN?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Dresbach Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Dresbach Township; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
