Is Granite Falls 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, Granite Falls Township was a Neutral Market.
Housing Prices in Granite Falls Township, MN
How much do homes in Granite Falls Township, MN cost?
Median Sold Price
$173,500
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Granite Falls Township was $173,500 in April 2024, up 22.2% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $45K | $145K | +222.2% |
2 Bedrooms | $80K | $89K | +11.3% |
3 Bedrooms | $145K | $172K | +18.6% |
4 Bedrooms | $202.5K | $190K | -6.2% |
5+ Bedrooms | $189.9K | $250K | +31.6% |
Summary: Granite Falls Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 222.2%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 18.6%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes increased by 31.6%.
Median Sold Price Compared To Nearby Cities
Granite Falls Township | $142K | $173.5K | +22.2% |
Granite Falls | $143.5K | $173.5K | +20.9% |
Housing Supply in Granite Falls Township, MN
How many homes are available in Granite Falls Township, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 12 | -20.0% |
Summary: The Granite Falls Township real estate market had 12 homes for sale in April 2024, a 20.0% 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 | 3 | 3 | 0.0% |
3 Bedrooms | 4 | 2 | -50.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Granite Falls 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 decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Granite Falls Township in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Granite Falls Township, MN
How long does it take to sell a home in Granite Falls Township, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
67 Days | 130 Days | +93.3% |
Summary: Homes in Granite Falls Township had an average of 130 days on market in Apr 2024, up by 93.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Granite Falls Township; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.