Is Lake County, 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 County has remained a Seller's Market.
Housing Prices in Lake County, MN
How much do homes in Lake County, MN cost?
Median Sold Price
$415,000
$239/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Lake County was $415,000 in April 2024, up 95.8% from last month, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $155K | $188K | +21.3% |
3 Bedrooms | $262.5K | $420K | +60.0% |
4 Bedrooms | $159.9K | $449K | +180.8% |
5+ Bedrooms | $520K | - | N/A |
Summary: Lake County housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.3%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 180.8%, and 5+ bedroom homes did not change.
Housing Supply in Lake County, MN
How many homes are available in Lake County, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 60 | +30.4% |
Summary: The Lake County real estate market had 60 homes for sale in April 2024, a 30.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 14 | 18 | +28.6% |
3 Bedrooms | 22 | 31 | +40.9% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Lake County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 40.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 13 | +8.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Lake County in April 2024, up by 8.3% month-over-month. Of the 12 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Lake County, MN
How long does it take to sell a home in Lake County, MN?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
75 Days | 51 Days | -32.1% |
Summary: Homes in Lake County had an average of 51 days on market in Apr 2024, down by 32.1% compared to last month.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Lake County; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.