$3,443 Closing Credit*
$289,900
1,600 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Coldwell Banker Realty
Is Lanesboro, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Lanesboro has remained a Seller'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
$321,250
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$31,300(+10.8%)
Key Takeaway
Homes in Lanesboro have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Lanesboro was $321,250 in September 2024, up 10.8% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $345K | N/A |
| 2 Bedrooms | $215.5K | $247.5K | +14.8% |
| 3 Bedrooms | $270K | $356.2K | +31.9% |
| 4 Bedrooms | $340K | $583.5K | +71.6% |
| 5+ Bedrooms | $427.5K | $617.5K | +44.4% |
Summary: Lanesboro housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 31.9%, 4 bedroom homes increased by 71.6%, and 5+ bedroom homes increased by 44.4%.
Housing Supply in Lanesboro, MN
How many homes are available in Lanesboro, MN?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The Lanesboro real estate market had 11 homes for sale in September 2024, a 8.3% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Lanesboro housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was 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. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Lanesboro in September 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 1 Days | 91 Days | +6000.0% |
Summary: Homes in Lanesboro had an average of 91 days on market in Sep 2024, up by 6000% compared to last year.
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 Lanesboro are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 2 homes were sold in Lanesboro; 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.
