Is Ideal 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, Ideal Township was a Neutral Market.
Housing Prices in Ideal Township, MN
How much do homes in Ideal Township, MN cost?
Median Sold Price
$875,000
$395/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ideal Township was $875,000 in April 2024, up 17.8% from last year, and the median price per square foot was $395.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $700K | - | N/A |
2 Bedrooms | $291.4K | $500K | +71.6% |
3 Bedrooms | $770K | $860K | +11.7% |
4 Bedrooms | $475K | $957.5K | +101.6% |
5+ Bedrooms | $2.2M | $2.0M | -8.0% |
Summary: Ideal 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 increased by 71.6%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 101.6%, and 5+ bedroom homes decreased by 8%.
Median Sold Price Compared To Nearby Cities
Ideal Township | $742.5K | $875K | +17.8% |
Crosslake | $535K | $499.9K | -6.6% |
Breezy Point | $398.2K | $338K | -15.1% |
Housing Supply in Ideal Township, MN
How many homes are available in Ideal Township, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 26 | +23.8% |
Summary: The Ideal Township real estate market had 26 homes for sale in April 2024, a 23.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 0 | 2 | +100.0% |
3 Bedrooms | 8 | 9 | +12.5% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Ideal 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 100%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 5 | +400.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Ideal Township in April 2024, up by 400.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Ideal Township, MN
How long does it take to sell a home in Ideal Township, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
3 Days | 25 Days | +740.0% |
Summary: Homes in Ideal Township had an average of 25 days on market in Apr 2024, up by 740% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Ideal Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.