Is Lake Mary Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Lake Mary Township has remained a Seller's Market.
Key Takeaway
Lake Mary Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Mary Township, MN
How much do homes in Lake Mary Township, MN cost?
Median Sold Price
$250,000
$146/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Lake Mary Township have sold for 29.6% less than they did a month ago.
Summary: The median home sold price in Lake Mary Township was $250,000 in May 2024, down 29.6% from last month, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $200K | $157K | -21.5% |
| 3 Bedrooms | $415K | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $410K | N/A |
Summary: Lake Mary Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.5%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Lake Mary Township, MN
How many homes are available in Lake Mary Township, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Summary: The Lake Mary Township real estate market had 6 homes for sale in May 2024, a 33.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lake Mary 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 decreased by 50%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Mary Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Lake Mary Township in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Lake Mary Township, MN
How long does it take to sell a home in Lake Mary Township, MN?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 36 Days | +164.2% |
Summary: Homes in Lake Mary Township had an average of 36 days on market in May 2024, up by 164.2% compared to last month.
Breakdown of Home Sale Times
2 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 Lake Mary Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Lake Mary Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
