Is Long Prairie Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Long Prairie Township has remained a Buyer's Market.
Key Takeaway
Long Prairie Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Long Prairie Township, MN
How much do homes in Long Prairie Township, MN cost?
Median Sold Price
$210,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Long Prairie Township have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Long Prairie Township was $210,000 in March 2024, up 2.4% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $51K | - | N/A |
| 2 Bedrooms | $140K | $135K | -3.6% |
| 3 Bedrooms | $181.5K | $231K | +27.3% |
| 4 Bedrooms | $278K | $234K | -15.8% |
| 5+ Bedrooms | $305K | $540K | +77.0% |
Summary: Long Prairie Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 27.3%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes increased by 77%.
Median Sold Price Compared To Nearby Cities
| Long Prairie | $200K | $210K | +5.0% |
| Long Prairie Township | $205K | $210K | +2.4% |
Housing Supply in Long Prairie Township, MN
How many homes are available in Long Prairie Township, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 28 | +16.7% |
Summary: The Long Prairie Township real estate market had 28 homes for sale in March 2024, a 16.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Long Prairie Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Long Prairie Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Long Prairie Township in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Long Prairie Township, MN
How long does it take to sell a home in Long Prairie Township, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 9 Days | 20 Days | +125.9% |
Summary: Homes in Long Prairie Township had an average of 20 days on market in Mar 2024, up by 125.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Long Prairie Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Long Prairie Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
