Is Sturgeon 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, Sturgeon Lake Township was a Neutral Market.
Housing Prices in Sturgeon Lake Township, MN
How much do homes in Sturgeon Lake Township, MN cost?
Median Sold Price
$290,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sturgeon Lake Township was $290,000 in April 2024, down 3.3% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250K | $194.8K | -22.1% |
2 Bedrooms | $265.5K | $250K | -5.8% |
3 Bedrooms | $301K | $240K | -20.3% |
4 Bedrooms | $324.9K | $420K | +29.3% |
5+ Bedrooms | $355K | - | N/A |
Summary: Sturgeon Lake Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.1%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes decreased by 20.3%, 4 bedroom homes increased by 29.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Sturgeon Lake Township | $300K | $290K | -3.3% |
Sturgeon Lake | $292.5K | $270K | -7.7% |
Housing Supply in Sturgeon Lake Township, MN
How many homes are available in Sturgeon Lake Township, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 11 | +37.5% |
Summary: The Sturgeon Lake Township real estate market had 11 homes for sale in April 2024, a 37.5% 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 | 3 | 3 | 0.0% |
3 Bedrooms | 2 | 5 | +150.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Sturgeon 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 remained the same, 3 bedroom homes increased by 150%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Sturgeon Lake Township in April 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Sturgeon Lake Township, MN
How long does it take to sell a home in Sturgeon Lake Township, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 26 Days | +52.9% |
Summary: Homes in Sturgeon Lake Township had an average of 26 days on market in Apr 2024, up by 52.9% 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 Sturgeon 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.