Is West Lakeland Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2021
Since last year, West Lakeland Township has remained a Seller's Market.
Key Takeaway
West Lakeland Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in West Lakeland Township, MN cost?
Median Sold Price
$785,441
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2021
Key Takeaway
Homes in West Lakeland Township have sold for 22.8% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Dec 2021 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $315K | $614.3K | +95.0% |
| 3 Bedrooms | $504.8K | $570K | +12.9% |
| 4 Bedrooms | $653K | $797.9K | +22.2% |
| 5+ Bedrooms | $870K | $865K | -0.6% |
Median Sold Price Compared To Nearby Cities
| Baytown Township | $780K | $1.0M | +36.2% |
| West Lakeland Township | $639.3K | $785.4K | +22.8% |
| North Hudson | $337K | $388.1K | +15.2% |
| Lake Elmo | $556.3K | $635K | +14.1% |
How many homes are available in West Lakeland Township, MN?
Number of Homes For Sale
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 6 | 4 | -33.3% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2022 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Number of Homes Sold
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Lakeland Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Average Sale Time
| Dec 2021 | Dec 2022 | % |
|---|---|---|
| 7 Days | 5 Days | -35.5% |
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 West Lakeland Township are selling fast, if you're buying plan to act quickly.
