$5,284 Closing Credit*
$444,990
1,582 SqFt
3 Beds
•1 Full Bath
Listing Office: Lennar Sales Corp
Is Lino Lakes, 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, Lino Lakes has remained a Seller's Market.
Key Takeaway
Lino Lakes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lino Lakes, MN
How much do homes in Lino Lakes, MN cost?
Median Sold Price
$450,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,333(+7.2%)
Key Takeaway
Homes in Lino Lakes have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Lino Lakes was $450,000 in October 2024, up 7.2% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $270K | $317.5K | +17.6% |
| 3 Bedrooms | $355K | $352.4K | -0.7% |
| 4 Bedrooms | $492K | $505K | +2.6% |
| 5+ Bedrooms | $532.5K | $605K | +13.6% |
Summary: Lino Lakes housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.6%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 13.6%.
Median Sold Price Compared To Nearby Cities
| Lino Lakes | $419.6K | $450K | +7.2% |
| Circle Pines | $350K | $365K | +4.3% |
| North Oaks | $885K | $897.2K | +1.4% |
| Hugo | $436.6K | $421.6K | -3.4% |
| Centerville | $400K | $367.7K | -8.1% |
Housing Supply in Lino Lakes, MN
How many homes are available in Lino Lakes, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 78 | 92 | +17.9% |
Summary: The Lino Lakes real estate market had 92 homes for sale in October 2024, a 17.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 12 | +71.4% |
| 3 Bedrooms | 28 | 36 | +28.6% |
| 4 Bedrooms | 33 | 32 | -3.0% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Lino Lakes 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 increased by 71.4%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 23 | -8.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lino Lakes, you may be able to get a good deal. 39.1% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Lino Lakes in October 2024, down by 8.0% month-over-month. Of the 23 sold homes, 39% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for Lino Lakes, MN
How long does it take to sell a home in Lino Lakes, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 33 Days | +1.7% |
Summary: Homes in Lino Lakes had an average of 33 days on market in Oct 2024, up by 1.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lino Lakes are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in Lino Lakes; 61% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
