$3,324 Closing Credit*
$279,900
2,231 SqFt
2 Beds
•1 Full Bath
Tom Henderson, 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 Last Month
Since last month, 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
$312,000
$180/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$18,000(-5.5%)
Key Takeaway
Homes in Lakeside / Lester Park have sold for 5.5% less than they did a month ago.
Summary: The median home sold price in Lakeside / Lester Park was $312,000 in November 2024, down 5.5% from last month, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | - | N/A |
| 3 Bedrooms | $274.9K | $277.4K | +0.9% |
| 4 Bedrooms | $408.7K | $375K | -8.3% |
| 5+ Bedrooms | $351.5K | - | N/A |
Summary: Lakeside / Lester Park 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 0.9%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Congdon Park | $480K | $585K | +21.9% |
| Lakeside / Lester Park | $330K | $312K | -5.5% |
Housing Supply in Lakeside / Lester Park, MN
How many homes are available in Lakeside / Lester Park, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 24 | -25.0% |
Summary: The Lakeside / Lester Park real estate market had 24 homes for sale in November 2024, a 25.0% 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 | 2 | 0 | -100.0% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 13 | 9 | -30.8% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Lakeside / Lester Park 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 14 | +55.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 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. 38.5% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Lakeside / Lester Park in November 2024, up by 55.6% month-over-month. Of the 13 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% 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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 19 Days | -28.3% |
Summary: Homes in Lakeside / Lester Park had an average of 19 days on market in Nov 2024, down by 28.3% compared to last month.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were 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 November 2024, 14 homes were sold in Lakeside / Lester Park; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
