Is Rush Lake 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, Rush Lake Township was a Seller's Market.
Housing Prices in Rush Lake Township, MN
How much do homes in Rush Lake Township, MN cost?
Median Sold Price
$295,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rush Lake Township was $295,000 in April 2024, up 0.9% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $97.7K | $105.2K | +7.7% |
2 Bedrooms | $230K | $245K | +6.5% |
3 Bedrooms | $462K | $600K | +29.9% |
4 Bedrooms | $317K | $375.5K | +18.5% |
5+ Bedrooms | - | - | N/A |
Summary: Rush Lake Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 29.9%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes did not change.
Housing Supply in Rush Lake Township, MN
How many homes are available in Rush Lake Township, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 12 | +50.0% |
Summary: The Rush Lake Township real estate market had 12 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 3 | 5 | +66.7% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Rush Lake 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 66.7%, 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
Summary: A total of 1 homes were sold or pending in Rush Lake 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 Rush Lake Township, MN
How long does it take to sell a home in Rush Lake Township, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
172 Days | 12 Days | -93.0% |
Summary: Homes in Rush Lake Township had an average of 12 days on market in Apr 2024, down by 93% 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
Summary: During April 2024, 1 homes were sold in Rush Lake 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.