$2,611 Closing Credit*
$219,900
1,125 SqFt
2 Beds
•2 Baths
Listing Office: RE/MAX Results
Is Lincoln Park, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Lincoln Park has remained a Seller's Market.
Key Takeaway
Lincoln Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lincoln Park, MN
How much do homes in Lincoln Park, MN cost?
Median Sold Price
$266,000
$141/sqft
Based on all homes sold in September 2024.
Difference Since Last Month
+$11,000(+4.3%)
Key Takeaway
Homes in Lincoln Park have sold for 4.3% more than they did a month ago.
Summary: The median home sold price in Lincoln Park was $266,000 in September 2024, up 4.3% from last month, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215K | $235K | +9.3% |
| 3 Bedrooms | $255K | $266K | +4.3% |
| 4 Bedrooms | $525K | - | N/A |
| 5+ Bedrooms | - | $395K | N/A |
Summary: Lincoln Park housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 4.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Denfeld | $190K | $216.5K | +13.9% |
| Central Hillside | $251K | $275K | +9.6% |
| Lincoln Park | $255K | $266K | +4.3% |
| Cody | $241K | $215K | -10.8% |
Housing Supply in Lincoln Park, MN
How many homes are available in Lincoln Park, MN?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 23 | 21 | -8.7% |
Summary: The Lincoln Park real estate market had 21 homes for sale in September 2024, a 8.7% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Lincoln Park housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lincoln Park, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Lincoln Park in September 2024, up by 14.3% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for Lincoln Park, MN
How long does it take to sell a home in Lincoln Park, MN?
Average Sale Time
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 10 Days | 20 Days | +99.3% |
Summary: Homes in Lincoln Park had an average of 20 days on market in Sep 2024, up by 99.3% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lincoln Park are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 8 homes were sold in Lincoln Park; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
