$2,203 Closing Credit*
$185,500
937 SqFt
2 Beds
•1 Full Bath
Listing Office: Coldwell Banker Realty
Is Lauderdale, 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, Lauderdale has remained a Seller's Market.
Key Takeaway
Lauderdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lauderdale, MN
How much do homes in Lauderdale, MN cost?
Median Sold Price
$209,250
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$65,750(-23.9%)
Key Takeaway
Homes in Lauderdale have sold for 23.9% less than they did a year ago.
Summary: The median home sold price in Lauderdale was $209,250 in October 2024, down 23.9% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159K | $156.5K | -1.6% |
| 2 Bedrooms | $205.7K | $188K | -8.6% |
| 3 Bedrooms | $295.5K | $264.5K | -10.5% |
| 4 Bedrooms | $290K | $317.5K | +9.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Lauderdale housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Roseville | $340.5K | $360K | +5.7% |
| Falcon Heights | $409.5K | $400K | -2.3% |
| Lauderdale | $275K | $209.2K | -23.9% |
Housing Supply in Lauderdale, MN
How many homes are available in Lauderdale, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Summary: The Lauderdale real estate market had 7 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lauderdale 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 remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lauderdale, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Lauderdale in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Lauderdale, MN
How long does it take to sell a home in Lauderdale, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 12 Days | -68.9% |
Summary: Homes in Lauderdale had an average of 12 days on market in Oct 2024, down by 68.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lauderdale are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Lauderdale; 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.
