Is Orrock 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, Orrock Township has remained a Seller's Market.
Housing Prices in Orrock Township, MN
How much do homes in Orrock Township, MN cost?
Median Sold Price
$494,900
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Orrock Township was $494,900 in April 2024, up 13% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $120.8K | -26.7% |
2 Bedrooms | $240K | $302K | +25.8% |
3 Bedrooms | $421.4K | $469K | +11.3% |
4 Bedrooms | $430K | $495K | +15.1% |
5+ Bedrooms | $580K | $679.9K | +17.2% |
Summary: Orrock Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.7%, 2 bedroom homes increased by 25.8%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 17.2%.
Median Sold Price Compared To Nearby Cities
Orrock Township | $437.9K | $494.9K | +13.0% |
Baldwin Township | $397.4K | $395.1K | -0.6% |
Big Lake Township | $351K | $345K | -1.7% |
Livonia Township | $466K | $440K | -5.6% |
Blue Hill Township | $401.1K | $374K | -6.8% |
Housing Supply in Orrock Township, MN
How many homes are available in Orrock Township, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 25 | +38.9% |
Summary: The Orrock Township real estate market had 25 homes for sale in April 2024, a 38.9% 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 | 1 | 2 | +100.0% |
3 Bedrooms | 5 | 6 | +20.0% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Orrock 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 increased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Orrock Township in April 2024, up by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Orrock Township, MN
How long does it take to sell a home in Orrock Township, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 15 Days | -7.7% |
Summary: Homes in Orrock Township had an average of 15 days on market in Apr 2024, down by 7.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Orrock Township; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.