Is Northern Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Northern Township was a Buyer's Market.
Key Takeaway
Northern Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northern Township, MN
How much do homes in Northern Township, MN cost?
Median Sold Price
$329,875
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Northern Township have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Northern Township was $329,875 in March 2024, up 10.3% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $30K | -83.3% |
| 2 Bedrooms | $170K | $215K | +26.5% |
| 3 Bedrooms | $293.9K | $297K | +1.0% |
| 4 Bedrooms | $320.5K | $339.8K | +6.0% |
| 5+ Bedrooms | $506.4K | $430K | -15.1% |
Summary: Northern Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 83.3%, 2 bedroom homes increased by 26.5%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 15.1%.
Median Sold Price Compared To Nearby Cities
| Northern Township | $299K | $329.8K | +10.3% |
| Turtle Lake Township | $353K | $382.5K | +8.3% |
| Bemidji | $257.5K | $268K | +4.1% |
Housing Supply in Northern Township, MN
How many homes are available in Northern Township, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Summary: The Northern Township real estate market had 20 homes for sale in March 2024, a 5.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Northern Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Northern Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Northern Township in March 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Northern Township, MN
How long does it take to sell a home in Northern Township, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 3 Days | 72 Days | +2308.3% |
Summary: Homes in Northern Township had an average of 72 days on market in Mar 2024, up by 2308.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Northern Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Northern Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
