Is Wadena 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, Wadena Township was a Seller's Market.
Housing Prices in Wadena Township, MN
How much do homes in Wadena Township, MN cost?
Median Sold Price
$186,000
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wadena Township was $186,000 in April 2024, up 12.4% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $58.7K | $18.5K | -68.5% |
2 Bedrooms | $158.9K | $134.5K | -15.4% |
3 Bedrooms | $164.9K | $149.9K | -9.1% |
4 Bedrooms | $167.2K | $209K | +25.0% |
5+ Bedrooms | $306K | $317K | +3.6% |
Summary: Wadena Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 68.5%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
Wadena | $164.9K | $186K | +12.8% |
Wadena Township | $165.5K | $186K | +12.4% |
Housing Supply in Wadena Township, MN
How many homes are available in Wadena Township, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 38 | +22.6% |
Summary: The Wadena Township real estate market had 38 homes for sale in April 2024, a 22.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 5 | 9 | +80.0% |
3 Bedrooms | 15 | 16 | +6.7% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Wadena Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 3 | -57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Wadena Township in April 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Wadena Township, MN
How long does it take to sell a home in Wadena Township, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
124 Days | 73 Days | -41.2% |
Summary: Homes in Wadena Township had an average of 73 days on market in Apr 2024, down by 41.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Wadena Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.