Is Stanchfield 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, Stanchfield Township was a Seller's Market.
Key Takeaway
Stanchfield Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Stanchfield Township, MN
How much do homes in Stanchfield Township, MN cost?
Median Sold Price
$375,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Stanchfield Township has remained the same since last year.
Summary: The median home sold price in Stanchfield Township was $375,000 in April 2024, down 0.4% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | - | N/A |
| 2 Bedrooms | $395K | $269K | -31.9% |
| 3 Bedrooms | $359.5K | $370K | +2.9% |
| 4 Bedrooms | $430K | $475K | +10.5% |
| 5+ Bedrooms | $478.2K | $716.2K | +49.8% |
Summary: Stanchfield 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 decreased by 31.9%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 49.8%.
Median Sold Price Compared To Nearby Cities
| Stanchfield Township | $376.5K | $375K | -0.4% |
| Braham | $261K | $249.4K | -4.4% |
| Stanchfield | $410K | $370K | -9.8% |
Housing Supply in Stanchfield Township, MN
How many homes are available in Stanchfield Township, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 15 | +36.4% |
Summary: The Stanchfield Township real estate market had 15 homes for sale in April 2024, a 36.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 5 | 10 | +100.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Stanchfield 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 decreased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Stanchfield Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Stanchfield Township in April 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Stanchfield Township, MN
How long does it take to sell a home in Stanchfield Township, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 5 Days | 14 Days | +190.0% |
Summary: Homes in Stanchfield Township had an average of 14 days on market in Apr 2024, up by 190% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Stanchfield Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Stanchfield 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.
