Is Long Lake 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, Long Lake Township has remained a Seller's Market.
Housing Prices in Long Lake Township, MN
How much do homes in Long Lake Township, MN cost?
Median Sold Price
$550,594
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Long Lake Township was $550,594 in April 2024, up 0.6% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $122.5K | $300K | +144.9% |
2 Bedrooms | $425K | $415K | -2.4% |
3 Bedrooms | $430K | $489.9K | +13.9% |
4 Bedrooms | $618.2K | $724.5K | +17.2% |
5+ Bedrooms | $1.3M | $1.0M | -20.3% |
Summary: Long Lake Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 144.9%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes decreased by 20.3%.
Median Sold Price Compared To Nearby Cities
Brainerd | $266.7K | $285.5K | +7.0% |
Maple Grove Township | $390.8K | $397.3K | +1.7% |
Long Lake Township | $547.5K | $550.5K | +0.6% |
Housing Supply in Long Lake Township, MN
How many homes are available in Long Lake Township, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 57 | +32.6% |
Summary: The Long Lake Township real estate market had 57 homes for sale in April 2024, a 32.6% 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 | 3 | 2 | -33.3% |
3 Bedrooms | 22 | 28 | +27.3% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 9 | 16 | +77.8% |
Summary: The Long Lake 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 decreased by 33.3%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 77.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Long Lake Township in April 2024, up by 10.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for Long Lake Township, MN
How long does it take to sell a home in Long Lake Township, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 24 Days | -34.4% |
Summary: Homes in Long Lake Township had an average of 24 days on market in Apr 2024, down by 34.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Long Lake Township; 91% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.