Is Lino Lakes, 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, Lino Lakes has remained a Seller's Market.
Housing Prices in Lino Lakes, MN
How much do homes in Lino Lakes, MN cost?
Median Sold Price
$427,500
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lino Lakes was $427,500 in April 2024, up 1.8% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $288.5K | $270K | -6.4% |
3 Bedrooms | $355K | $354.2K | -0.2% |
4 Bedrooms | $470K | $500K | +6.4% |
5+ Bedrooms | $540K | $549K | +1.7% |
Summary: Lino Lakes 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 decreased by 6.4%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
Centerville | $375K | $405K | +8.0% |
Hugo | $433.6K | $443.2K | +2.2% |
Lino Lakes | $420K | $427.5K | +1.8% |
Circle Pines | $355K | $350K | -1.4% |
North Oaks | $950K | $841K | -11.5% |
Housing Supply in Lino Lakes, MN
How many homes are available in Lino Lakes, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
88 | 102 | +15.9% |
Summary: The Lino Lakes real estate market had 102 homes for sale in April 2024, a 15.9% 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 | 11 | 11 | 0.0% |
3 Bedrooms | 33 | 39 | +18.2% |
4 Bedrooms | 36 | 41 | +13.9% |
5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Lino Lakes 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 18.2%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 25 | +47.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Lino Lakes in April 2024, up by 47.1% month-over-month. Of the 25 sold homes, 28% were sold under asking, 20% were sold at asking, and 52% were sold over asking.
Days on Market for Lino Lakes, MN
How long does it take to sell a home in Lino Lakes, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 18 Days | -45.8% |
Summary: Homes in Lino Lakes had an average of 18 days on market in Apr 2024, down by 45.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Lino Lakes; 72% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.