Is Perham 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, Perham Township was a Buyer's Market.
Housing Prices in Perham Township, MN
How much do homes in Perham Township, MN cost?
Median Sold Price
$342,500
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Perham Township was $342,500 in April 2024, up 14.8% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $232.5K | +16.3% |
2 Bedrooms | $245K | $349.5K | +42.7% |
3 Bedrooms | $320K | $293.5K | -8.3% |
4 Bedrooms | $281K | $370.2K | +31.8% |
5+ Bedrooms | $277.8K | $439K | +58.0% |
Summary: Perham Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.3%, 2 bedroom homes increased by 42.7%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 31.8%, and 5+ bedroom homes increased by 58%.
Median Sold Price Compared To Nearby Cities
Perham | $286K | $342.5K | +19.8% |
Perham Township | $298.2K | $342.5K | +14.8% |
Housing Supply in Perham Township, MN
How many homes are available in Perham Township, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 62 | +31.9% |
Summary: The Perham Township real estate market had 62 homes for sale in April 2024, a 31.9% 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 | 7 | 8 | +14.3% |
3 Bedrooms | 26 | 34 | +30.8% |
4 Bedrooms | 10 | 15 | +50.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Perham 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 14.3%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 12 | +500.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Perham Township in April 2024, up by 500.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Perham Township, MN
How long does it take to sell a home in Perham Township, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
172 Days | 126 Days | -26.7% |
Summary: Homes in Perham Township had an average of 126 days on market in Apr 2024, down by 26.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Perham Township; 33% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.