Is La Grand 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, La Grand Township has remained a Seller's Market.
Key Takeaway
La Grand Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in La Grand Township, MN
How much do homes in La Grand Township, MN cost?
Median Sold Price
$388,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in La Grand Township have sold for 16% more than they did a year ago.
Summary: The median home sold price in La Grand Township was $388,000 in April 2024, up 16% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $278K | $280K | +0.7% |
| 3 Bedrooms | $263.5K | $297.5K | +12.9% |
| 4 Bedrooms | $387.4K | $417.3K | +7.7% |
| 5+ Bedrooms | $388.5K | $561.2K | +44.5% |
Summary: La Grand 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 0.7%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 44.5%.
Median Sold Price Compared To Nearby Cities
| Alexandria Township | $290K | $349.8K | +20.6% |
| Alexandria | $289.9K | $349.4K | +20.5% |
| La Grand Township | $334.5K | $388K | +16.0% |
| Ida Township | $415K | $410K | -1.2% |
Housing Supply in La Grand Township, MN
How many homes are available in La Grand Township, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 28 | +47.4% |
Summary: The La Grand Township real estate market had 28 homes for sale in April 2024, a 47.4% 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 7 | 12 | +71.4% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The La Grand 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 25%, 3 bedroom homes increased by 200%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 5 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in La Grand Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in La Grand Township in April 2024, up by 100.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for La Grand Township, MN
How long does it take to sell a home in La Grand Township, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 3 Days | 38 Days | +1180.0% |
Summary: Homes in La Grand Township had an average of 38 days on market in Apr 2024, up by 1180% compared to last year.
Breakdown of Home Sale Times
3 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 La Grand Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in La Grand Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
