Is New London 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, New London Township has remained a Seller's Market.
Housing Prices in New London Township, MN
How much do homes in New London Township, MN cost?
Median Sold Price
$337,500
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New London Township was $337,500 in April 2024, down 8% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $261.5K | $50K | -80.9% |
2 Bedrooms | $299.9K | $275K | -8.3% |
3 Bedrooms | $361.2K | $329.9K | -8.7% |
4 Bedrooms | $392.5K | $415K | +5.7% |
5+ Bedrooms | $458K | $425K | -7.2% |
Summary: New London Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 80.9%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 7.2%.
Median Sold Price Compared To Nearby Cities
New London | $313.4K | $310K | -1.1% |
New London Township | $367K | $337.5K | -8.0% |
Spicer | $437.5K | $400.5K | -8.5% |
Housing Supply in New London Township, MN
How many homes are available in New London Township, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 27 | +42.1% |
Summary: The New London Township real estate market had 27 homes for sale in April 2024, a 42.1% 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 | 6 | 9 | +50.0% |
3 Bedrooms | 6 | 9 | +50.0% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The New London 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 50%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 6 | +200.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in New London Township in April 2024, up by 200.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for New London Township, MN
How long does it take to sell a home in New London Township, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
65 Days | 93 Days | +43.0% |
Summary: Homes in New London Township had an average of 93 days on market in Apr 2024, up by 43% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in New London Township; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.