Is Oronoco 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, Oronoco Township was a Seller's Market.
Housing Prices in Oronoco Township, MN
How much do homes in Oronoco Township, MN cost?
Median Sold Price
$545,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Oronoco Township was $545,000 in April 2024, down 9% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $98K | $180K | +83.7% |
2 Bedrooms | $310K | $367.5K | +18.5% |
3 Bedrooms | $399.9K | $535K | +33.8% |
4 Bedrooms | $599.9K | $599.9K | 0.0% |
5+ Bedrooms | $721.5K | $875K | +21.3% |
Summary: Oronoco Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 83.7%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 33.8%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 21.3%.
Median Sold Price Compared To Nearby Cities
Oronoco | $429.5K | $510K | +18.7% |
Pine Island | $325K | $350.5K | +7.8% |
Oronoco Township | $599K | $545K | -9.0% |
Housing Supply in Oronoco Township, MN
How many homes are available in Oronoco Township, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Summary: The Oronoco Township real estate market had 18 homes for sale in April 2024, a 12.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Oronoco Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Oronoco Township in April 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Oronoco Township, MN
How long does it take to sell a home in Oronoco Township, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
78 Days | 109 Days | +40.4% |
Summary: Homes in Oronoco Township had an average of 109 days on market in Apr 2024, up by 40.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Oronoco Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.