$3,205 Closing Credit*
$269,900
1,535 SqFt
3 Beds
•2 Full Baths
Deena Shykes, Listing Office: RE/MAX Results
Is Lakeside / Lester Park, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Lakeside / Lester Park has remained a Seller's Market.
Key Takeaway
Lakeside / Lester Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lakeside / Lester Park, MN
How much do homes in Lakeside / Lester Park, MN cost?
Median Sold Price
$291,500
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,500(+0.5%)
Key Takeaway
Homes in Lakeside / Lester Park have sold for 0.5% more than they did a year ago.
Summary: The median home sold price in Lakeside / Lester Park was $291,500 in October 2024, up 0.5% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | $260.9K | +4.4% |
| 3 Bedrooms | $291K | $291.5K | 0.2% |
| 4 Bedrooms | $290K | $435K | +50.0% |
| 5+ Bedrooms | $434.6K | $380K | -12.6% |
Summary: Lakeside / Lester Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 12.6%.
Housing Supply in Lakeside / Lester Park, MN
How many homes are available in Lakeside / Lester Park, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 31 | -16.2% |
Summary: The Lakeside / Lester Park real estate market had 31 homes for sale in October 2024, a 16.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 19 | 14 | -26.3% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Lakeside / Lester Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 26.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 9 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lakeside / Lester Park, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Lakeside / Lester Park in October 2024, down by 50.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% were sold over asking.
Days on Market for Lakeside / Lester Park, MN
How long does it take to sell a home in Lakeside / Lester Park, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 27 Days | +28.6% |
Summary: Homes in Lakeside / Lester Park had an average of 27 days on market in Oct 2024, up by 28.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lakeside / Lester Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Lakeside / Lester Park; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
