Is Lanesboro, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lanesboro was a Neutral Market.
Housing Prices in Lanesboro, MN
How much do homes in Lanesboro, MN cost?
Median Sold Price
$348,750
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lanesboro was $348,750 in March 2024, up 61.8% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $183.7K | $247.5K | +34.7% |
3 Bedrooms | $183.5K | $511K | +178.5% |
4 Bedrooms | $440K | $340K | -22.7% |
5+ Bedrooms | $338.7K | - | N/A |
Summary: Lanesboro housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.7%, 3 bedroom homes increased by 178.5%, 4 bedroom homes decreased by 22.7%, and 5+ bedroom homes did not change.
Housing Supply in Lanesboro, MN
How many homes are available in Lanesboro, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Summary: The Lanesboro real estate market had 9 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lanesboro housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Lanesboro in March 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Lanesboro, MN
How long does it take to sell a home in Lanesboro, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
63 Days | 62 Days | -0.5% |
Summary: Homes in Lanesboro had an average of 62 days on market in Mar 2024, down by 0.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Lanesboro; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.