Is Laketown 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, Laketown Township has remained a Buyer's Market.
Housing Prices in Laketown Township, MN
How much do homes in Laketown Township, MN cost?
Median Sold Price
$533,149
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Laketown Township was $533,149 in April 2024, up 9.1% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $275.9K | $481K | +74.3% |
3 Bedrooms | $408.2K | $417.5K | +2.3% |
4 Bedrooms | $634.7K | $597.5K | -5.9% |
5+ Bedrooms | $750K | $710K | -5.3% |
Summary: Laketown 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 74.3%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 5.3%.
Median Sold Price Compared To Nearby Cities
Laketown Township | $488.8K | $533.1K | +9.1% |
Waconia | $426.8K | $461K | +8.0% |
Minnetrista | $640K | $671.6K | +5.0% |
Chaska | $417.5K | $430K | +3.0% |
Victoria | $619.4K | $582.4K | -6.0% |
Housing Supply in Laketown Township, MN
How many homes are available in Laketown Township, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 38 | +31.0% |
Summary: The Laketown Township real estate market had 38 homes for sale in April 2024, a 31.0% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 9 | 11 | +22.2% |
4 Bedrooms | 9 | 14 | +55.6% |
5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Laketown 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 increased by 22.2%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Laketown Township in April 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Laketown Township, MN
How long does it take to sell a home in Laketown Township, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 91 Days | +80.3% |
Summary: Homes in Laketown Township had an average of 91 days on market in Apr 2024, up by 80.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Laketown Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.