Is Glenwood 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, Glenwood Township has remained a Neutral Market.
Key Takeaway
Glenwood Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Glenwood Township, MN
How much do homes in Glenwood Township, MN cost?
Median Sold Price
$258,500
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Glenwood Township have sold for 3% more than they did a year ago.
Summary: The median home sold price in Glenwood Township was $258,500 in April 2024, up 3% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45K | $245K | +444.4% |
| 2 Bedrooms | $226K | $240K | +6.2% |
| 3 Bedrooms | $231K | $217K | -6.1% |
| 4 Bedrooms | $255K | $340K | +33.3% |
| 5+ Bedrooms | $375K | $620K | +65.3% |
Summary: Glenwood Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 444.4%, 2 bedroom homes increased by 6.2%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 65.3%.
Median Sold Price Compared To Nearby Cities
| Glenwood | $237.4K | $257K | +8.2% |
| Glenwood Township | $251K | $258.5K | +3.0% |
Housing Supply in Glenwood Township, MN
How many homes are available in Glenwood Township, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 41 | +28.1% |
Summary: The Glenwood Township real estate market had 41 homes for sale in April 2024, a 28.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 12 | 17 | +41.7% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Glenwood Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 41.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Glenwood Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Glenwood Township in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Glenwood Township, MN
How long does it take to sell a home in Glenwood Township, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 37 Days | +56.3% |
Summary: Homes in Glenwood Township had an average of 37 days on market in Apr 2024, up by 56.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Glenwood Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Glenwood Township; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
