$9,488 Closing Credit*
$799,000
3,766 SqFt
Studio
Listing Office: RE/MAX Results
Is Lyndale, 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, Lyndale has remained a Seller'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
$195,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$73,000(-27.2%)
Key Takeaway
Homes in Lyndale have sold for 27.2% less than they did a year ago.
Summary: The median home sold price in Lyndale was $195,000 in October 2024, down 27.2% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $134.9K | $144.7K | +7.3% |
| 2 Bedrooms | $224.9K | $162.5K | -27.7% |
| 3 Bedrooms | $380K | $335K | -11.8% |
| 4 Bedrooms | $395K | $379.5K | -3.9% |
| 5+ Bedrooms | $359.9K | $507.5K | +41.0% |
Summary: Lyndale housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.3%, 2 bedroom homes decreased by 27.7%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 41%.
Median Sold Price Compared To Nearby Neighborhoods
| Powderhorn | $285K | $295K | +3.5% |
| Lyndale | $268K | $195K | -27.2% |
Housing Supply in Lyndale, MN
How many homes are available in Lyndale, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Summary: The Lyndale real estate market had 17 homes for sale in October 2024, a 30.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lyndale 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 50%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were 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. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Lyndale in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 30 Days | +85.2% |
Summary: Homes in Lyndale had an average of 30 days on market in Oct 2024, up by 85.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lyndale are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Lyndale; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
