Is Moorhead 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, Moorhead Township has remained a Seller's Market.
Key Takeaway
Moorhead Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Moorhead Township, MN
How much do homes in Moorhead Township, MN cost?
Median Sold Price
$260,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Moorhead Township have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Moorhead Township was $260,000 in April 2024, up 6.1% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179.8K | $128.5K | -28.5% |
| 2 Bedrooms | $179K | $200K | +11.7% |
| 3 Bedrooms | $232.2K | $240K | +3.3% |
| 4 Bedrooms | $288K | $295K | +2.4% |
| 5+ Bedrooms | $355K | $336.3K | -5.2% |
Summary: Moorhead Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.5%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 5.2%.
Housing Supply in Moorhead Township, MN
How many homes are available in Moorhead Township, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 247 | 301 | +21.9% |
Summary: The Moorhead Township real estate market had 301 homes for sale in April 2024, a 21.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 2 | -60.0% |
| 2 Bedrooms | 42 | 54 | +28.6% |
| 3 Bedrooms | 83 | 101 | +21.7% |
| 4 Bedrooms | 82 | 106 | +29.3% |
| 5+ Bedrooms | 35 | 38 | +8.6% |
Summary: The Moorhead Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 29.3%, and 5+ bedroom homes increased by 8.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 44 | 60 | +36.4% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Moorhead Township, you may be able to get a good deal. 56.7% of homes here sold below asking price last month.
Summary: A total of 60 homes were sold or pending in Moorhead Township in April 2024, up by 36.4% month-over-month. Of the 60 sold homes, 57% were sold under asking, 17% were sold at asking, and 27% were sold over asking.
Days on Market for Moorhead Township, MN
How long does it take to sell a home in Moorhead Township, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 58 Days | 2 Days | -96.6% |
Summary: Homes in Moorhead Township had an average of 2 days on market in Apr 2024, down by 96.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Moorhead Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 60 homes were sold in Moorhead Township; 7% 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.
