Is Melrose 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, Melrose Township was a Seller's Market.
Housing Prices in Melrose Township, MN
How much do homes in Melrose Township, MN cost?
Median Sold Price
$235,200
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Melrose Township was $235,200 in April 2024, down 4% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | - | N/A |
2 Bedrooms | $254K | $221.2K | -12.9% |
3 Bedrooms | $200.3K | $196K | -2.1% |
4 Bedrooms | $273.2K | $239.9K | -12.2% |
5+ Bedrooms | - | $307.9K | N/A |
Summary: Melrose 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 decreased by 12.9%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes did not change.
Housing Supply in Melrose Township, MN
How many homes are available in Melrose Township, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 14 | +250.0% |
Summary: The Melrose Township real estate market had 14 homes for sale in April 2024, a 250.0% 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 | 1 | +100.0% |
3 Bedrooms | 3 | 7 | +133.3% |
4 Bedrooms | 1 | 6 | +500.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Melrose 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 133.3%, 4 bedroom homes increased by 500%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Melrose Township in April 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Melrose Township, MN
How long does it take to sell a home in Melrose Township, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
56 Days | 7 Days | -87.6% |
Summary: Homes in Melrose Township had an average of 7 days on market in Apr 2024, down by 87.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in Melrose Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.