Is Zumbrota 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, Zumbrota Township was a Buyer's Market.
Key Takeaway
Zumbrota Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Zumbrota Township, MN
How much do homes in Zumbrota Township, MN cost?
Median Sold Price
$299,950
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Zumbrota Township have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Zumbrota Township was $299,950 in April 2024, up 3.5% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $502K | N/A |
| 2 Bedrooms | $243.9K | $289K | +18.5% |
| 3 Bedrooms | $265K | $265K | 0.0% |
| 4 Bedrooms | $324.9K | $360K | +10.8% |
| 5+ Bedrooms | $382.5K | $479.9K | +25.5% |
Summary: Zumbrota Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.5%, 3 bedroom homes did not change, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 25.5%.
Median Sold Price Compared To Nearby Cities
| Pine Island Township | $329.1K | $349.9K | +6.3% |
| Zumbrota Township | $289.9K | $299.9K | +3.5% |
| Zumbrota | $289.9K | $299.9K | +3.5% |
Housing Supply in Zumbrota Township, MN
How many homes are available in Zumbrota Township, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 27 | -10.0% |
Summary: The Zumbrota Township real estate market had 27 homes for sale in April 2024, a 10.0% 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Zumbrota 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 decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Zumbrota Township, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Zumbrota Township in April 2024, the same as the previous month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% were sold over asking.
Days on Market for Zumbrota Township, MN
How long does it take to sell a home in Zumbrota Township, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 8 Days | 14 Days | +71.4% |
Summary: Homes in Zumbrota Township had an average of 14 days on market in Apr 2024, up by 71.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Zumbrota Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Zumbrota Township; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
