Is Lino Lakes, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$425,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lino Lakes was $425,000 in May 2024, up 1.2% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $299K | $263.5K | -11.9% |
3 Bedrooms | $353.2K | $350K | -0.9% |
4 Bedrooms | $471.5K | $500K | +6.0% |
5+ Bedrooms | $540K | $543K | +0.6% |
Summary: Lino Lakes housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.9%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 0.6%.
Median Sold Price Compared To Nearby Cities
Hugo | $431.7K | $445.1K | +3.1% |
Lino Lakes | $419.9K | $425K | +1.2% |
Centerville | $376K | $380K | +1.1% |
Circle Pines | $355K | $355K | 0.0% |
North Oaks | $950K | $836K | -12.0% |
Housing Supply in Lino Lakes, MN
How many homes are available in Lino Lakes, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
94 | 109 | +16.0% |
Summary: The Lino Lakes real estate market had 109 homes for sale in May 2024, a 16.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 14 | +27.3% |
3 Bedrooms | 39 | 35 | -10.3% |
4 Bedrooms | 33 | 43 | +30.3% |
5+ Bedrooms | 11 | 17 | +54.5% |
Summary: The Lino Lakes housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.3%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes increased by 30.3%, and 5+ bedroom homes increased by 54.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 31 | +24.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Lino Lakes in May 2024, up by 24.0% month-over-month. Of the 31 sold homes, 32% were sold under asking, 16% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 29 Days | +8.7% |
Summary: Homes in Lino Lakes had an average of 29 days on market in May 2024, up by 8.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 31 homes were sold in Lino Lakes; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.