$2,672 Closing Credit*
$225,000
1,092 SqFt
3 Beds
•1 Full Bath, 1 Partial
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 Buyer's Market.
Key Takeaway
Lanesboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lanesboro, MN
How much do homes in Lanesboro, MN cost?
Median Sold Price
$327,450
$165/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$43,450(+15.3%)
Key Takeaway
Homes in Lanesboro have sold for 15.3% more than they did a month ago.
Summary: The median home sold price in Lanesboro was $327,450 in November 2024, up 15.3% from last month, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $284K | $180K | -36.6% |
| 3 Bedrooms | - | $289.9K | N/A |
| 4 Bedrooms | - | $602K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lanesboro 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 decreased by 36.6%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Summary: The Lanesboro real estate market had 10 homes for sale in November 2024, a 9.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lanesboro 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 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lanesboro, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Lanesboro in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 72 Days | +323.5% |
Summary: Homes in Lanesboro had an average of 72 days on market in Nov 2024, up by 323.5% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lanesboro has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Lanesboro; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
