Is Spencer Brook Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Spencer Brook Township has remained a Seller's Market.
Key Takeaway
Spencer Brook Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spencer Brook Township, MN
How much do homes in Spencer Brook Township, MN cost?
Median Sold Price
$371,000
$238/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Spencer Brook Township have sold for 4.4% more than they did a month ago.
Summary: The median home sold price in Spencer Brook Township was $371,000 in March 2024, up 4.4% from last month, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $355.2K | $257K | -27.6% |
| 4 Bedrooms | - | $485K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Spencer Brook Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 27.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Spencer Brook Township | $355.2K | $371K | +4.4% |
| Wyanett Township | $418.6K | $303.1K | -27.6% |
Housing Supply in Spencer Brook Township, MN
How many homes are available in Spencer Brook Township, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Summary: The Spencer Brook Township real estate market had 6 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Spencer Brook Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Spencer Brook Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Spencer Brook Township in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Spencer Brook Township, MN
How long does it take to sell a home in Spencer Brook Township, MN?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 120 Days | +244.3% |
Summary: Homes in Spencer Brook Township had an average of 120 days on market in Mar 2024, up by 244.3% compared to last month.
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 Spencer Brook Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Spencer Brook 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.
