$1,781 Closing Credit*
$150,000
705 SqFt
2 Beds
•1 Full Bath
Listing Office: BRIX Real Estate
Is Lyndale, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lyndale was a Buyer's Market.
Key Takeaway
Lyndale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lyndale, MN
How much do homes in Lyndale, MN cost?
Median Sold Price
$310,500
$205/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$43,000(+16.1%)
Key Takeaway
Homes in Lyndale have sold for 16.1% more than they did a month ago.
Summary: The median home sold price in Lyndale was $310,500 in December 2024, up 16.1% from last month, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $188K | N/A |
| 2 Bedrooms | $250K | $215K | -14.0% |
| 3 Bedrooms | - | $455K | N/A |
| 4 Bedrooms | $285K | $295K | +3.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Lyndale housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14%, 3 bedroom homes did not change, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Whittier | $120K | $170K | +41.7% |
| Lyndale | $267.5K | $310.5K | +16.1% |
Housing Supply in Lyndale, MN
How many homes are available in Lyndale, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Summary: The Lyndale real estate market had 16 homes for sale in December 2024, a 6.7% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lyndale housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lyndale, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Lyndale in December 2024, up by 200.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Lyndale, MN
How long does it take to sell a home in Lyndale, MN?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 28 Days | 38 Days | +35.7% |
Summary: Homes in Lyndale had an average of 38 days on market in Dec 2024, up by 35.7% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lyndale has remained consistent over time.
Summary: During December 2024, 6 homes were sold in Lyndale; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
