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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairview Township is a seller's market

Buyer's
Market

Difference Since September 2021

At the same time last year, Fairview Township was a Neutral Market.

Key Takeaway

Fairview Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Fairview Township, MN cost?

Median Sold Price

$538,125

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$28,125(+5.5%)

Key Takeaway

Homes in Fairview Township have sold for 5.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $252K-
N/A
2 $417.5K-
N/A
3 $404.5K$445K
+10.0%
4 $661.2K$575K
-13.0%
5+ $1.0M$531.2K
-50.6%

Median Sold Price Compared To Nearby Cities

East Gull Lake
+23.9%
Sylvan Township
+6.9%
Fairview Township
+5.5%
Lake Shore
-2.5%

How many homes are available in Fairview Township, MN?

Number of Homes For Sale

Aug 2022Sep 2022%
78+14.3%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 00
0.0%
3 13
+200.0%
4 32
-33.3%
5+ 33
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
14+300.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairview Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
7 Days36 Days+417.9%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fairview Township are selling fast, if you're buying plan to act quickly.

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

About Fairview Township, MN

Fairview Township, MN has 8 homes for sale to choose from. The number of homes for sale in Fairview Township, MN increased by 14.3% between August 2022 and September 2022. In September 2022 median list price was $538,125 and the average listing age was 36 days. Listing prices have changed in this real estate market between August 2022 and September 2022: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went up by 0%, 3 bedrooms properties prices increased by 10%, 4 bedrooms properties became 13% more cheaper, the cost of 5 bedrooms properties went down by 50.6%. This housing market inventory have changed: number of 1 bedroom homes remained the same, number of 2 bedrooms homes remained the same, number of 3 bedrooms homes increased by 200%, number of 4 bedrooms homes decreased by 33.3%, 5 bedrooms homes did not move. While more than 1 listings in Fairview Township, MN in September 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 3 were sold below.

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