$1,544 Closing Credit*
$130,000
1,383 SqFt
2 Beds
•2 Full Baths
Listing Office: Edina Realty, Inc.
Is Lyon County, 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, Lyon County was a Seller's Market.
Key Takeaway
Lyon County 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 Lyon County, MN
How much do homes in Lyon County, MN cost?
Median Sold Price
$190,000
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+8.6%)
Key Takeaway
Homes in Lyon County have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Lyon County was $190,000 in October 2024, up 8.6% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $116.2K | $90.5K | -22.2% |
| 2 Bedrooms | $100.2K | $117K | +16.7% |
| 3 Bedrooms | $152.3K | $180.5K | +18.5% |
| 4 Bedrooms | $224.5K | $230K | +2.4% |
| 5+ Bedrooms | $256.2K | $350K | +36.6% |
Summary: Lyon County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.2%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 36.6%.
Median Sold Price Compared To Nearby Counties
| Murray County | $125K | $163.7K | +31.0% |
| Redwood County | $137.4K | $159.7K | +16.2% |
| Yellow Medicine County | $142K | $160K | +12.7% |
| Lincoln County | $135K | $147.5K | +9.3% |
| Lyon County | $175K | $190K | +8.6% |
Housing Supply in Lyon County, MN
How many homes are available in Lyon County, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 75 | 82 | +9.3% |
Summary: The Lyon County real estate market had 82 homes for sale in October 2024, a 9.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 15 | 18 | +20.0% |
| 3 Bedrooms | 31 | 32 | +3.2% |
| 4 Bedrooms | 23 | 24 | +4.3% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Lyon County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 13 | -40.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lyon County, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Lyon County in October 2024, down by 40.9% month-over-month. Of the 13 sold homes, 38% were sold under asking, 38% were sold at asking, and 23% were sold over asking.
Days on Market for Lyon County, MN
How long does it take to sell a home in Lyon County, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 41 Days | +3.0% |
Summary: Homes in Lyon County had an average of 41 days on market in Oct 2024, up by 3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lyon County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in Lyon County; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
