Is Twin Lakes 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, Twin Lakes Township has remained a Seller's Market.
Key Takeaway
Twin Lakes Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Twin Lakes Township, MN
How much do homes in Twin Lakes Township, MN cost?
Median Sold Price
$370,000
$128/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Twin Lakes Township have sold for 13.8% more than they did a month ago.
Summary: The median home sold price in Twin Lakes Township was $370,000 in March 2024, up 13.8% from last month, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $325K | $275K | -15.4% |
| 3 Bedrooms | - | $395K | N/A |
| 4 Bedrooms | - | $370K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Twin Lakes 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 decreased by 15.4%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Twin Lakes Township | $325K | $370K | +13.8% |
| Carlton | $325K | $370K | +13.8% |
Housing Supply in Twin Lakes Township, MN
How many homes are available in Twin Lakes Township, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Summary: The Twin Lakes Township real estate market had 12 homes for sale in March 2024, a 33.3% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Twin Lakes 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 decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Twin Lakes Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Twin Lakes Township in March 2024, up by 150.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Twin Lakes Township, MN
How long does it take to sell a home in Twin Lakes Township, MN?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 207 Days | 79 Days | -61.5% |
Summary: Homes in Twin Lakes Township had an average of 79 days on market in Mar 2024, down by 61.5% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Twin Lakes Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 5 homes were sold in Twin Lakes Township; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
