Is Lilydale, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lilydale is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Lilydale was a Seller's Market.

Key Takeaway

Lilydale is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Lilydale, MN

How much do homes in Lilydale, MN cost?

Median Sold Price

$485,000

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$44,000(+10.0%)

Key Takeaway

Homes in Lilydale have sold for 10% more than they did a year ago.

Summary: The median home sold price in Lilydale was $485,000 in November 2024, up 10% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $295K-
N/A
2 $390K$333K
-14.6%
3 $666.5K$627.5K
-5.9%
4 $650K$1.6M
+146.2%
5+ -$970K
N/A

Summary: Lilydale housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.6%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 146.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Lilydale
+10.0%
Mendota Heights
+10.0%
Saint Paul
+4.1%

Housing Supply in Lilydale, MN

How many homes are available in Lilydale, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
770.0%

Summary: The Lilydale real estate market had 7 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 33
0.0%
3 22
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Lilydale 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 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

Oct 2024Nov 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lilydale, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Lilydale in November 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Lilydale, MN

How long does it take to sell a home in Lilydale, MN?

Average Sale Time

Nov 2023Nov 2024CHANGE
4 Days15 Days+275.0%

Summary: Homes in Lilydale had an average of 15 days on market in Nov 2024, up by 275% compared to last year.

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lilydale are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in Lilydale; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Lilydale, MN

Nearby Markets to Lilydale, MN

What housing markets are near Lilydale, MN?