Is Credit River Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Credit River Township was a Buyer's Market.
Housing Prices in Credit River Township, MN
How much do homes in Credit River Township, MN cost?
Median Sold Price
$842,500
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Credit River Township was $842,500 in May 2024, up 23% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $550K | N/A |
3 Bedrooms | $395K | $520K | +31.6% |
4 Bedrooms | $693.5K | $771.6K | +11.3% |
5+ Bedrooms | $950K | $1.1M | +15.8% |
Summary: Credit River Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 31.6%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 15.8%.
Median Sold Price Compared To Nearby Cities
Credit River Township | $685K | $842.5K | +23.0% |
Spring Lake Township | $670K | $746.5K | +11.4% |
Lakeville | $466.9K | $487.1K | +4.3% |
Prior Lake | $480.6K | $481.6K | 0.2% |
Savage | $425K | $414.6K | -2.4% |
Housing Supply in Credit River Township, MN
How many homes are available in Credit River Township, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 48 | +9.1% |
Summary: The Credit River Township real estate market had 48 homes for sale in May 2024, a 9.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 8 | 9 | +12.5% |
4 Bedrooms | 17 | 17 | 0.0% |
5+ Bedrooms | 19 | 22 | +15.8% |
Summary: The Credit River Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 15.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 10 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Credit River Township in May 2024, up by 100.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.
Days on Market for Credit River Township, MN
How long does it take to sell a home in Credit River Township, MN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
5 Days | 36 Days | +620.0% |
Summary: Homes in Credit River Township had an average of 36 days on market in May 2024, up by 620% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Credit River Township; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.