Is Shevlin Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Shevlin Township has remained a Seller's Market.
Key Takeaway
Shevlin Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shevlin Township, MN
How much do homes in Shevlin Township, MN cost?
Median Sold Price
$227,450
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Shevlin Township have sold for 5.2% less than they did a year ago.
Summary: The median home sold price in Shevlin Township was $227,450 in May 2024, down 5.2% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $153.9K | +9.9% |
| 2 Bedrooms | $200.5K | $89K | -55.6% |
| 3 Bedrooms | $341K | $267K | -21.7% |
| 4 Bedrooms | $149.9K | $935K | +523.7% |
| 5+ Bedrooms | - | $260K | N/A |
Summary: Shevlin Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.9%, 2 bedroom homes decreased by 55.6%, 3 bedroom homes decreased by 21.7%, 4 bedroom homes increased by 523.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Shevlin Township | $239.9K | $227.4K | -5.2% |
| Shevlin | $239.9K | $227.4K | -5.2% |
Housing Supply in Shevlin Township, MN
How many homes are available in Shevlin Township, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Summary: The Shevlin Township real estate market had 9 homes for sale in May 2024, a 50.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Shevlin Township housing inventory by bedroom type for May 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 remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shevlin Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Shevlin Township in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Shevlin Township, MN
How long does it take to sell a home in Shevlin Township, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 7 Days | 171 Days | +2350.0% |
Summary: Homes in Shevlin Township had an average of 171 days on market in May 2024, up by 2350% compared to last year.
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 Shevlin Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Shevlin 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.
