Is Ponto Lake Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Ponto Lake Township was a Neutral Market.
Key Takeaway
Ponto Lake Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ponto Lake Township, MN
How much do homes in Ponto Lake Township, MN cost?
Median Sold Price
$205,000
$244/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Ponto Lake Township have sold for 36.9% less than they did a month ago.
Summary: The median home sold price in Ponto Lake Township was $205,000 in March 2024, down 36.9% from last month, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $200K | N/A |
| 3 Bedrooms | $325K | $210K | -35.4% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Ponto Lake Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 35.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Ponto Lake Township, MN
How many homes are available in Ponto Lake Township, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The Ponto Lake Township real estate market had 5 homes for sale in March 2024, a 16.7% decrease 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Ponto Lake 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ponto Lake Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Ponto Lake Township in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Ponto Lake Township, MN
How long does it take to sell a home in Ponto Lake Township, MN?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 128 Days | 58 Days | -54.7% |
Summary: Homes in Ponto Lake Township had an average of 58 days on market in Mar 2024, down by 54.7% compared to last month.
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
Key Takeaway
Many homes in Ponto Lake Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Ponto Lake 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.
