Is Milaca 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, Milaca Township was a Seller's Market.
Key Takeaway
Milaca Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Milaca Township, MN
How much do homes in Milaca Township, MN cost?
Median Sold Price
$285,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Milaca Township have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in Milaca Township was $285,000 in April 2024, up 11.8% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $121K | $185K | +52.9% |
| 2 Bedrooms | $210K | $244.5K | +16.4% |
| 3 Bedrooms | $245K | $290K | +18.4% |
| 4 Bedrooms | $330.5K | $324.7K | -1.7% |
| 5+ Bedrooms | $336K | $500K | +48.8% |
Summary: Milaca Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.9%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 18.4%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 48.8%.
Median Sold Price Compared To Nearby Cities
| Milaca | $252.5K | $287.5K | +13.9% |
| Milaca Township | $255K | $285K | +11.8% |
| Foreston | $280K | $280K | 0.0% |
Housing Supply in Milaca Township, MN
How many homes are available in Milaca Township, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 35 | +40.0% |
Summary: The Milaca Township real estate market had 35 homes for sale in April 2024, a 40.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 12 | 17 | +41.7% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Milaca Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 41.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Milaca Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Milaca Township in April 2024, down by 28.6% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Milaca Township, MN
How long does it take to sell a home in Milaca Township, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 48 Days | 50 Days | +3.4% |
Summary: Homes in Milaca Township had an average of 50 days on market in Apr 2024, up by 3.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Milaca Township has remained consistent over time.
Summary: During April 2024, 5 homes were sold in Milaca Township; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
