Is Turtle Lake 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, Turtle Lake Township has remained a Seller's Market.
Key Takeaway
Turtle Lake Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Turtle Lake Township, MN
How much do homes in Turtle Lake Township, MN cost?
Median Sold Price
$350,000
$130/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Turtle Lake Township have sold for 43.3% less than they did a month ago.
Summary: The median home sold price in Turtle Lake Township was $350,000 in April 2024, down 43.3% from last month, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $535K | $350K | -34.6% |
| 4 Bedrooms | $534.8K | - | N/A |
| 5+ Bedrooms | $1.2M | - | N/A |
Summary: Turtle Lake Township housing prices by bedroom type for April 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 34.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Turtle Lake Township, MN
How many homes are available in Turtle Lake Township, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Summary: The Turtle Lake Township real estate market had 3 homes for sale in April 2024, a 57.1% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Turtle 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 decreased by 50%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Turtle Lake Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Turtle Lake Township in April 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Turtle Lake Township, MN
How long does it take to sell a home in Turtle Lake Township, MN?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 177 Days | 15 Days | -91.5% |
Summary: Homes in Turtle Lake Township had an average of 15 days on market in Apr 2024, down by 91.5% compared to last month.
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
Key Takeaway
Many homes in Turtle Lake Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Turtle 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.
