$10,000 Closing Credit*
$1,199,000
2,946 SqFt
5 Beds
•1 Full Bath, 1 Partial
Listing Office: Positive Realty
Is Lake Shore, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lake Shore was a Seller's Market.
Key Takeaway
Lake Shore 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 Lake Shore, MN
How much do homes in Lake Shore, MN cost?
Median Sold Price
$506,250
$311/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$162,027(-24.2%)
Key Takeaway
Homes in Lake Shore have sold for 24.2% less than they did a month ago.
Summary: The median home sold price in Lake Shore was $506,250 in November 2024, down 24.2% from last month, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $262.5K | N/A |
| 3 Bedrooms | $472.5K | $750K | +58.7% |
| 4 Bedrooms | $811.5K | - | N/A |
| 5+ Bedrooms | $2.5M | - | N/A |
Summary: Lake Shore housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 58.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Lake Shore, MN
How many homes are available in Lake Shore, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Summary: The Lake Shore real estate market had 14 homes for sale in November 2024, a 22.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Lake Shore housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Shore, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Lake Shore in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Lake Shore, MN
How long does it take to sell a home in Lake Shore, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 59 Days | +264.3% |
Summary: Homes in Lake Shore had an average of 59 days on market in Nov 2024, up by 264.3% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lake Shore are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Lake Shore; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
