Is West Lakeland Township, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Lakeland Township is a 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

+$146,079(+22.8%)

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

# BEDSDec 2021Dec 2022%
1 --
N/A
2 $315K$614.3K
+95.0%
3 $504.8K$570K
+12.9%
4 $653K$797.9K
+22.2%
5+ $870K$865K
-0.6%

Median Sold Price Compared To Nearby Cities

Baytown Township
+36.2%
West Lakeland Township
+22.8%
North Hudson
+15.2%
Lake Elmo
+14.1%

How many homes are available in West Lakeland Township, MN?

Number of Homes For Sale

Nov 2022Dec 2022%
64-33.3%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 00
0.0%
3 21
-50.0%
4 32
-33.3%
5+ 11
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

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 2021Dec 2022%
7 Days5 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Lakeland Township are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About West Lakeland Township, MN

Number of homes for sale in West Lakeland Township, MN real estate market have reached 4. Between November 2022 and December 2022, West Lakeland Township, MN real estate market has seen decrease in the number of listings by 33.3%. In December 2022 median list price was $785,441 and the average listing age was 5 days. Listing prices have changed in this real estate market between November 2022 and December 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 95%, prices of 3 bedrooms properties increased by 12.9%, prices of 4 bedrooms properties increased by 22.2%, the cost of 5 bedrooms properties went down by 0.6%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes inventory decreased by 50%, 4 bedrooms homes became 33.3% less available, volume of 5 bedrooms homes stayed the same. In December 2022 more than 1 listings in West Lakeland Township, MN were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 0 were sold below.

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