Is Preston 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, Preston Township has remained a Seller's Market.
Housing Prices in Preston Township, MN
How much do homes in Preston Township, MN cost?
Median Sold Price
$180,000
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Preston Township was $180,000 in April 2024, down 5.3% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $105K | - | N/A |
2 Bedrooms | $116.5K | $157.5K | +35.2% |
3 Bedrooms | $199.9K | $200K | 0.1% |
4 Bedrooms | $175K | $177.4K | +1.4% |
5+ Bedrooms | $260K | $168K | -35.4% |
Summary: Preston 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 35.2%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 35.4%.
Median Sold Price Compared To Nearby Cities
Preston Township | $190K | $180K | -5.3% |
Preston | $190K | $179.9K | -5.3% |
Housing Supply in Preston Township, MN
How many homes are available in Preston Township, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 11 | 0.0% |
Summary: The Preston Township real estate market had 11 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 0 | 2 | +100.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 3 | 1 | -66.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Preston 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 remained the same, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Preston Township in April 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Preston Township, MN
How long does it take to sell a home in Preston Township, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
90 Days | 73 Days | -19.5% |
Summary: Homes in Preston Township had an average of 73 days on market in Apr 2024, down by 19.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Preston Township; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.