$2,019 Closing Credit*
$170,000
794 SqFt
1 Bed
•1 Full Bath
Listing Office: Edina Realty, Inc.
Is Lowry Hill East, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lowry Hill East was a Seller's Market.
Key Takeaway
Lowry Hill East is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lowry Hill East, MN
How much do homes in Lowry Hill East, MN cost?
Median Sold Price
$301,250
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,250(+0.4%)
Key Takeaway
The sold price of homes in Lowry Hill East has remained the same since last year.
Summary: The median home sold price in Lowry Hill East was $301,250 in October 2024, up 0.4% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $153K | +39.1% |
| 2 Bedrooms | $310K | $330K | +6.5% |
| 3 Bedrooms | $544.9K | $481.1K | -11.7% |
| 4 Bedrooms | $397.4K | $408.7K | +2.9% |
| 5+ Bedrooms | $610K | $665K | +9.0% |
Summary: Lowry Hill East housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.1%, 2 bedroom homes increased by 6.5%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Neighborhoods
| East Isles | $320K | $345K | +7.8% |
| Lowry Hill East | $300K | $301.2K | 0.4% |
Housing Supply in Lowry Hill East, MN
How many homes are available in Lowry Hill East, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 28 | +21.7% |
Summary: The Lowry Hill East real estate market had 28 homes for sale in October 2024, a 21.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 13 | +8.3% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 3 | 1 | -66.7% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Lowry Hill East housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 66.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lowry Hill East, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Lowry Hill East in October 2024, down by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Lowry Hill East, MN
How long does it take to sell a home in Lowry Hill East, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 42 Days | -10.6% |
Summary: Homes in Lowry Hill East had an average of 42 days on market in Oct 2024, down by 10.6% compared to last year.
Breakdown of Home Sale Times
2 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 Lowry Hill East are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Lowry Hill East; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
