Is East Gull Lake, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, East Gull Lake has remained a Seller's Market.
Housing Prices in East Gull Lake, MN
How much do homes in East Gull Lake, MN cost?
Median Sold Price
$826,427
$387/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East Gull Lake was $826,427 in April 2024, up 2% from last year, and the median price per square foot was $387.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $585K | $765.5K | +30.9% |
3 Bedrooms | $615K | $763.2K | +24.1% |
4 Bedrooms | $1.6M | $589.6K | -63.1% |
5+ Bedrooms | $1.7M | $2.7M | +58.8% |
Summary: East Gull Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.9%, 3 bedroom homes increased by 24.1%, 4 bedroom homes decreased by 63.1%, and 5+ bedroom homes increased by 58.8%.
Median Sold Price Compared To Nearby Cities
Fairview Township | $675K | $775.2K | +14.9% |
First Assessment | $356K | $375K | +5.3% |
East Gull Lake | $810K | $826.4K | +2.0% |
Nisswa | $607.5K | $582K | -4.2% |
Housing Supply in East Gull Lake, MN
How many homes are available in East Gull Lake, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 11 | +22.2% |
Summary: The East Gull Lake real estate market had 11 homes for sale in April 2024, a 22.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 3 | 4 | +33.3% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The East Gull Lake 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 increased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in East Gull Lake in April 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for East Gull Lake, MN
How long does it take to sell a home in East Gull Lake, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 54 Days | +29.8% |
Summary: Homes in East Gull Lake had an average of 54 days on market in Apr 2024, up by 29.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in East Gull Lake; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.