Is Lilydale, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lilydale was a Seller's Market.
Key Takeaway
Lilydale is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lilydale, MN
How much do homes in Lilydale, MN cost?
Median Sold Price
$390,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lilydale have sold for 18.7% less than they did a year ago.
Summary: The median home sold price in Lilydale was $390,000 in April 2024, down 18.8% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $296.5K | +4.0% |
| 2 Bedrooms | $376K | $380K | +1.1% |
| 3 Bedrooms | $807.7K | $485K | -40.0% |
| 4 Bedrooms | - | $650K | N/A |
| 5+ Bedrooms | $1.0M | $970K | -4.4% |
Summary: Lilydale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 1.1%, 3 bedroom homes decreased by 40%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Mendota Heights | $500K | $523.5K | +4.7% |
| Saint Paul | $275K | $281.2K | +2.3% |
| Lilydale | $480K | $390K | -18.8% |
Housing Supply in Lilydale, MN
How many homes are available in Lilydale, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Summary: The Lilydale real estate market had 7 homes for sale in April 2024, a 133.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 4 | +100.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Lilydale 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 increased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lilydale, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Lilydale in April 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Lilydale, MN
How long does it take to sell a home in Lilydale, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 29 Days | 12 Days | -59.3% |
Summary: Homes in Lilydale had an average of 12 days on market in Apr 2024, down by 59.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lilydale are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Lilydale; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
