#6655365, Listing Office: Edina Realty, Inc.
Lake Edward Township Housing Market Report January 2025•Crow Wing County, Minnesota
Housing Prices in Lake Edward Township, MN
How much do homes in Lake Edward Township, MN cost?
Housing Market Conditions
Is Lake Edward Township, MN a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Lake Edward Township is a Seller's Market
Difference Since January 2024
Since last year, Lake Edward Township has remained a Seller's Market.
Insight
Lake Edward Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$404,000$283/SqFt
-$76,000
-15.8%
Based on all homes sold in the last 12 months
Insight
Homes in Lake Edward Township have sold for 15.8% less than they did a year ago.
Summary: The median home sold price in Lake Edward Township was $404,000 in January 2025, down 15.8% from last year, and the median price per square foot was $283.
Median Sold Price By City
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Nisswa | $624.9K | $590K | -5.6% |
| Lake Edward Township | $480K | $404K | -15.8% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | $381K | N/A |
| 22 Bedrooms | $266.2K | $345K | +29.6% |
| 33 Bedrooms | $457.5K | $404K | -11.7% |
| 44 Bedrooms | $632.7K | $922.5K | +45.8% |
| 55+ Bedrooms | $375K | $615K | +64.0% |
Summary: Lake Edward 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 increased by +29.6%. The home price for 3 bedroom homes decreased by -11.7%. The home price for 4 bedroom homes increased by +45.8%. The home price for 5 bedroom homes increased by +64.0%.
Housing supply in Lake Edward Township, MN
How many homes are available in Lake Edward Township, MN?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 13Last MonthJan 2025 | ||
| 142 months agoDec 2024 | -7.1 % Change MoMDec – Jan |
Summary: The Lake Edward Township real estate market had 13 homes for sale in Jan 2025, a 7.1 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 3Last MonthJan 2025 | ||
| 12 months agoDec 2024 | +200.0 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 1 | 0.0% |
| 22 Bedrooms | 0 | 0 | 0.0% |
| 33 Bedrooms | 5 | 5 | 0.0% |
| 44 Bedrooms | 6 | 5 | -16.7% |
| 55+ Bedrooms | 2 | 2 | 0.0% |
Summary: Lake Edward 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 remained the same. The inventory for 4 bedroom homes decreased by -16.7%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Lake Edward Township, MN cost?
Over Asking Price1 Home
At Asking Price1 Home
Under Asking Price1 Home
Insight
If you're buying a home in Lake Edward Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Lake Edward Township in January 2025, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and and 33% were sold over asking.
Days on Market for Lake Edward Township, MN
How long does it take to sell a home in Lake Edward Township, MN?
Breakdown of Home Sale Times
Under 30 Days2 Homes
30 – 90 Days1 Home
Over 90 Days0 Home
Insight
Many homes in Lake Edward Township are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 3 homes were sold in Lake Edward 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.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 34 DaysThis YearJan 2025 | ||
| 64 Days1 year agoJan 2024 | -46.4 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Lake Edward Township had an average listing age of 34 days in Jan 2025, down by 46.4% compared to the previous year.
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Newest Listings in Lake Edward Township, MN
What homes are available in Lake Edward Township, MN?
$5,818 Closing Credit¹
#6629699, Listing Office: Century 21 Brainerd Realty
$8,608 Closing Credit¹
#6618568, Listing Office: Counselor Realty Brainerd Lakes
$6,768 Closing Credit¹
#6613396, Listing Office: eXp Realty
$3,503 Closing Credit¹
#6588818, Listing Office: Beycome Brokerage Realty LLC
$10,000 Closing Credit¹
#6576635, Listing Office: Coldwell Banker Realty
$8,905 Closing Credit¹
#6560119, Listing Office: eXp Realty
$4,630 Closing Credit¹
#6520903, Listing Office: RE/MAX Results - Nisswa
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Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc., for the period 02/01/2023 - 02/01/2025
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Last updated on: 2/11/2025, 11:22:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.