Is Paynesville 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, Paynesville Township was a Seller's Market.
Key Takeaway
Paynesville Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Paynesville Township, MN
How much do homes in Paynesville Township, MN cost?
Median Sold Price
$290,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Paynesville Township have sold for 26.4% more than they did a year ago.
Summary: The median home sold price in Paynesville Township was $290,000 in April 2024, up 26.4% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | - | N/A |
| 2 Bedrooms | $202.5K | $250K | +23.5% |
| 3 Bedrooms | $204.9K | $290K | +41.5% |
| 4 Bedrooms | $239.7K | $319.7K | +33.4% |
| 5+ Bedrooms | $252.5K | $312K | +23.6% |
Summary: Paynesville 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 23.5%, 3 bedroom homes increased by 41.5%, 4 bedroom homes increased by 33.4%, and 5+ bedroom homes increased by 23.6%.
Median Sold Price Compared To Nearby Cities
| Paynesville | $227.5K | $290K | +27.5% |
| Paynesville Township | $229.4K | $290K | +26.4% |
| Munson Township | $391.2K | $367.4K | -6.1% |
Housing Supply in Paynesville Township, MN
How many homes are available in Paynesville Township, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 23 | +130.0% |
Summary: The Paynesville Township real estate market had 23 homes for sale in April 2024, a 130.0% 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 | 2 | 4 | +100.0% |
| 3 Bedrooms | 5 | 15 | +200.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Paynesville 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 100%, 3 bedroom homes increased by 200%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Paynesville Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Paynesville Township in April 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Paynesville Township, MN
How long does it take to sell a home in Paynesville Township, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 42 Days | 16 Days | -61.9% |
Summary: Homes in Paynesville Township had an average of 16 days on market in Apr 2024, down by 61.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Paynesville Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Paynesville Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
