Is Scandia Valley 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, Scandia Valley Township has remained a Seller's Market.
Key Takeaway
Scandia Valley Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Scandia Valley Township, MN
How much do homes in Scandia Valley Township, MN cost?
Median Sold Price
$299,900
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Scandia Valley Township have sold for 15.5% less than they did a year ago.
Summary: The median home sold price in Scandia Valley Township was $299,900 in April 2024, down 15.5% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $241.9K | $157K | -35.1% |
| 2 Bedrooms | $220.3K | $239K | +8.5% |
| 3 Bedrooms | $357.5K | $366.5K | +2.5% |
| 4 Bedrooms | $380K | $650K | +71.1% |
| 5+ Bedrooms | $185K | - | N/A |
Summary: Scandia Valley Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.1%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 71.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Sylvan Township | $359.9K | $360K | 0.0% |
| Scandia Valley Township | $355K | $299.9K | -15.5% |
Housing Supply in Scandia Valley Township, MN
How many homes are available in Scandia Valley Township, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Summary: The Scandia Valley Township real estate market had 16 homes for sale in April 2024, a 6.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Scandia Valley Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Scandia Valley Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Scandia Valley Township in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Scandia Valley Township, MN
How long does it take to sell a home in Scandia Valley Township, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 48 Days | 115 Days | +138.4% |
Summary: Homes in Scandia Valley Township had an average of 115 days on market in Apr 2024, up by 138.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Scandia Valley Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 5 homes were sold in Scandia Valley Township; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
