Is Linden Hills, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Linden Hills is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Linden Hills 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 Linden Hills, MN

How much do homes in Linden Hills, MN cost?

Median Sold Price

$650,000

$319/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$32,000(-4.7%)

Key Takeaway

Homes in Linden Hills have sold for 4.7% less than they did a year ago.

Summary: The median home sold price in Linden Hills was $650,000 in October 2024, down 4.7% from last year, and the median price per square foot was $319.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $200.7K$208.5K
+3.9%
2 $345K$398.7K
+15.6%
3 $616.2K$589.1K
-4.4%
4 $868K$790K
-9.0%
5+ $1.3M$1.2M
-8.4%

Summary: Linden Hills housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 15.6%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes decreased by 8.4%.

Median Sold Price Compared To Nearby Neighborhoods

East Harriet
-1.9%
Linden Hills
-4.7%
Cottage City
-21.0%

Housing Supply in Linden Hills, MN

How many homes are available in Linden Hills, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4754+14.9%

Summary: The Linden Hills real estate market had 54 homes for sale in October 2024, a 14.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 68
+33.3%
2 76
-14.3%
3 1115
+36.4%
4 1515
0.0%
5+ 810
+25.0%

Summary: The Linden Hills housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 36.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
98-11.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Linden Hills, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in Linden Hills in October 2024, down by 11.1% month-over-month. Of the 8 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market for Linden Hills, MN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
48 Days82 Days+69.1%

Summary: Homes in Linden Hills had an average of 82 days on market in Oct 2024, up by 69.1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 8 homes were sold in Linden Hills; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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 20 Days Ago

Newest Listings in Linden Hills, MN

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