$110,000
Land
Listing Office: Property Brokers of Minnesota
Is Lanesboro, 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, Lanesboro was a Seller's Market.
Key Takeaway
Lanesboro is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lanesboro, MN
How much do homes in Lanesboro, MN cost?
Median Sold Price
$284,000
$209/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$86,000(-23.2%)
Key Takeaway
Homes in Lanesboro have sold for 23.2% less than they did a month ago.
Summary: The median home sold price in Lanesboro was $284,000 in October 2024, down 23.2% from last month, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $284K | N/A |
| 3 Bedrooms | $405K | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $335K | - | N/A |
Summary: Lanesboro housing prices by bedroom type for October 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Lanesboro, MN
How many homes are available in Lanesboro, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Summary: The Lanesboro real estate market had 11 homes for sale in October 2024, a 10.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Lanesboro 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 remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 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 Lanesboro, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Lanesboro in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Lanesboro, MN
How long does it take to sell a home in Lanesboro, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 91 Days | 17 Days | -81.4% |
Summary: Homes in Lanesboro had an average of 17 days on market in Oct 2024, down by 81.4% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lanesboro are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Lanesboro; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
