Is Redwood Falls 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, Redwood Falls Township has remained a Buyer's Market.
Housing Prices in Redwood Falls Township, MN
How much do homes in Redwood Falls Township, MN cost?
Median Sold Price
$181,125
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Redwood Falls Township was $181,125 in April 2024, up 10.4% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $85K | $152K | +78.8% |
3 Bedrooms | $155K | $173.5K | +11.9% |
4 Bedrooms | $245K | $200K | -18.4% |
5+ Bedrooms | $360.5K | $291.2K | -19.2% |
Summary: Redwood Falls 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 78.8%, 3 bedroom homes increased by 11.9%, 4 bedroom homes decreased by 18.4%, and 5+ bedroom homes decreased by 19.2%.
Median Sold Price Compared To Nearby Cities
Redwood Falls Township | $164K | $181.1K | +10.4% |
Redwood Falls | $165K | $181.1K | +9.8% |
Housing Supply in Redwood Falls Township, MN
How many homes are available in Redwood Falls Township, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 18 | -10.0% |
Summary: The Redwood Falls Township real estate market had 18 homes for sale in April 2024, a 10.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 4 | 2 | -50.0% |
3 Bedrooms | 11 | 10 | -9.1% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Redwood Falls Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 1 | -87.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Redwood Falls Township in April 2024, down by 87.5% 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 Redwood Falls Township, MN
How long does it take to sell a home in Redwood Falls Township, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
88 Days | 182 Days | +105.6% |
Summary: Homes in Redwood Falls Township had an average of 182 days on market in Apr 2024, up by 105.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in Redwood Falls Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.