Is Lowry Hill East, 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, Lowry Hill East was a Seller's Market.
Key Takeaway
Lowry Hill East is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lowry Hill East, MN
How much do homes in Lowry Hill East, MN cost?
Median Sold Price
$302,500
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lowry Hill East have sold for 14.4% less than they did a year ago.
Summary: The median home sold price in Lowry Hill East was $302,500 in April 2024, down 14.4% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112K | $164.4K | +46.8% |
| 2 Bedrooms | $347.8K | $330K | -5.1% |
| 3 Bedrooms | $497.5K | $481.1K | -3.3% |
| 4 Bedrooms | $439.9K | $359K | -18.4% |
| 5+ Bedrooms | $565K | $662.5K | +17.3% |
Summary: Lowry Hill East housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.8%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 18.4%, and 5+ bedroom homes increased by 17.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Stevens Square / Loring Heights | $145K | $140.5K | -3.1% |
| Whittier | $182.5K | $167K | -8.5% |
| Lowry Hill East | $353.2K | $302.5K | -14.4% |
| East Isles | $400K | $251K | -37.3% |
Housing Supply in Lowry Hill East, MN
How many homes are available in Lowry Hill East, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 29 | +31.8% |
Summary: The Lowry Hill East real estate market had 29 homes for sale in April 2024, a 31.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 17 | +41.7% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 1 | 0 | -100.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Lowry Hill East housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 41.7%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 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 Lowry Hill East, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Lowry Hill East in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Lowry Hill East, MN
How long does it take to sell a home in Lowry Hill East, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 45 Days | 73 Days | +61.5% |
Summary: Homes in Lowry Hill East had an average of 73 days on market in Apr 2024, up by 61.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lowry Hill East are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Lowry Hill East; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
