Is North Branch 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, North Branch Township was a Seller's Market.
Housing Prices in North Branch Township, MN
How much do homes in North Branch Township, MN cost?
Median Sold Price
$340,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North Branch Township was $340,000 in April 2024, up 4.6% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $500K | N/A |
2 Bedrooms | $293K | $324.9K | +10.9% |
3 Bedrooms | $329.9K | $337.9K | +2.4% |
4 Bedrooms | $356.6K | $369.5K | +3.6% |
5+ Bedrooms | $369K | $415K | +12.5% |
Summary: North Branch 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 increased by 10.9%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Cities
Harris | $379K | $399.9K | +5.5% |
North Branch Township | $325K | $340K | +4.6% |
North Branch | $325K | $339.9K | +4.6% |
Fish Lake Township | $415K | $427.8K | +3.1% |
Housing Supply in North Branch Township, MN
How many homes are available in North Branch Township, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
74 | 99 | +33.8% |
Summary: The North Branch Township real estate market had 99 homes for sale in April 2024, a 33.8% 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 | 16 | 13 | -18.8% |
3 Bedrooms | 43 | 57 | +32.6% |
4 Bedrooms | 11 | 23 | +109.1% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The North Branch 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 decreased by 18.8%, 3 bedroom homes increased by 32.6%, 4 bedroom homes increased by 109.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 14 | -33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in North Branch Township in April 2024, down by 33.3% month-over-month. Of the 14 sold homes, 43% were sold under asking, 7% were sold at asking, and 50% were sold over asking.
Days on Market for North Branch Township, MN
How long does it take to sell a home in North Branch Township, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 17 Days | -63.2% |
Summary: Homes in North Branch Township had an average of 17 days on market in Apr 2024, down by 63.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in North Branch Township; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.