Fall Lake Township Housing Market Report January 2025•Lake County, Minnesota

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Housing Prices in Fall Lake Township, MN

How much do homes in Fall Lake Township, MN cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$375,000$349/SqFt
+$22,500
+6.4%

Based on all homes listed in January 2025

Insight

The list price of homes in Fall Lake Township has increased by 6.4% since December.

Summary: The median home list price in Fall Lake Township was $375,000 in January 2025, up 6.4% from the previous month, and the median price per square foot was $349.

Median List Price By Cities

Median List Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Fall Lake Township
+6.4%
Stony River Township
0.0%
Crystal Bay Township
0.0%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2024Jan 2025Change YoY
1$164.4K$164.4K
0.0%
2$330K$330K
0.0%
3$849.9K$737K
-13.3%
4$824.9K$1.1M
+40.6%
5--
N/A

Summary: Fall Lake Township housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -13.3%. The home price for 4 bedroom homes increased by +40.6%. The home price for 5 bedroom homes did not change.

Housing supply in Fall Lake Township, MN

How many homes are available in Fall Lake Township, MN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
13Last MonthJan 2025
122 months agoDec 2024
+8.3 %
Change MoMDec – Jan

Summary: The Fall Lake Township real estate market had 13 homes for sale in Jan 2025, a 8.3 % increase compared to Dec 2024.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
122
0.0%
255
0.0%
332
-33.3%
424
+100.0%
500
0.0%

Summary: Fall Lake Township housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -33.3%. The inventory for 4 bedroom homes increased by +100.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Fall Lake Township, MN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price4 Homes

Insight

If you're buying a home in Fall Lake Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Fall Lake Township in January 2025, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Fall Lake Township, MN

How long does it take to sell a home in Fall Lake Township, MN?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days3 Homes

Insight

Most homes in Fall Lake Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During January 2025, 4 homes were sold in Fall Lake Township; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
Last Month1 month agoChange MoM
168 DaysLast MonthJan 2025
166 Days1 month agoDec 2024
+1.2 %
Change MoMDec – Jan

Summary: Homes in Fall Lake Township had an average listing age of 168 days in Jan 2025, up by 1.2% compared to the previous month.

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Newest Listings in Fall Lake Township, MN

What homes are available in Fall Lake Township, MN?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from Lake Superior Area MLS, and NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc. for the period 12/01/2024 - 02/01/2025

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Information is supplied by seller and other third parties and has not been verified. ©2025 Lake Superior Area REALTORS® MLS - All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/14/2025, 3:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/14/2025, 3:22:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.