Is Glencoe 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, Glencoe Township was a Seller's Market.
Key Takeaway
Glencoe Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Glencoe Township, MN
How much do homes in Glencoe Township, MN cost?
Median Sold Price
$239,900
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Glencoe Township have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Glencoe Township was $239,900 in April 2024, up 6.6% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $227.2K | $210K | -7.6% |
| 3 Bedrooms | $219.9K | $235K | +6.9% |
| 4 Bedrooms | $241.5K | $234.9K | -2.7% |
| 5+ Bedrooms | $537.5K | $300K | -44.2% |
Summary: Glencoe 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 7.6%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 44.2%.
Median Sold Price Compared To Nearby Cities
| Glencoe Township | $225K | $239.9K | +6.6% |
| Glencoe | $225K | $239.9K | +6.6% |
Housing Supply in Glencoe Township, MN
How many homes are available in Glencoe Township, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 31 | +106.7% |
Summary: The Glencoe Township real estate market had 31 homes for sale in April 2024, a 106.7% 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 | 3 | 7 | +133.3% |
| 3 Bedrooms | 8 | 14 | +75.0% |
| 4 Bedrooms | 4 | 8 | +100.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Glencoe 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 increased by 133.3%, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glencoe Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Glencoe Township in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Glencoe Township, MN
How long does it take to sell a home in Glencoe Township, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 61 Days | 17 Days | -71.3% |
Summary: Homes in Glencoe Township had an average of 17 days on market in Apr 2024, down by 71.3% compared to last year.
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
Key Takeaway
Many homes in Glencoe Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Glencoe 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.
