Is Lake Emma 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, Lake Emma Township was a Seller's Market.
Housing Prices in Lake Emma Township, MN
How much do homes in Lake Emma Township, MN cost?
Median Sold Price
$380,000
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lake Emma Township was $380,000 in April 2024, up 24.4% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $325K | $208.9K | -35.7% |
2 Bedrooms | $220K | $185K | -15.9% |
3 Bedrooms | $285K | $405K | +42.1% |
4 Bedrooms | $342.5K | $598.8K | +74.8% |
5+ Bedrooms | $400K | $885K | +121.2% |
Summary: Lake Emma Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.7%, 2 bedroom homes decreased by 15.9%, 3 bedroom homes increased by 42.1%, 4 bedroom homes increased by 74.8%, and 5+ bedroom homes increased by 121.2%.
Housing Supply in Lake Emma Township, MN
How many homes are available in Lake Emma Township, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Summary: The Lake Emma Township real estate market had 7 homes for sale in April 2024, a 12.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 2 | 1 | -50.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lake Emma 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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Lake Emma Township in April 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Lake Emma Township, MN
How long does it take to sell a home in Lake Emma Township, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 6 Days | -76.9% |
Summary: Homes in Lake Emma Township had an average of 6 days on market in Apr 2024, down by 76.9% compared to last year.
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
Summary: During April 2024, 1 homes were sold in Lake Emma Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.