Lakeside / Lester Park Housing Market Report March 2025•Saint Louis County, Minnesota

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Housing Prices in Lakeside / Lester Park, MN

How much do homes in Lakeside / Lester Park, MN cost?

Housing Market Conditions

Is Lakeside / Lester Park, MN a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Lakeside / Lester Park is a Seller's Market

Difference Since February 2025

Last month, Lakeside / Lester Park has remained a Seller's Market.

Insight

Lakeside / Lester Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$305,000$197/SqFt
-$5,000
-1.6%

Based on all homes sold in March 2025

Insight

Homes in Lakeside / Lester Park have sold for 1.6% less than they did a month ago.

Summary: The median home sold price in Lakeside / Lester Park was $305,000 in March 2025, down 1.6% from last month, and the median price per square foot was $197.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2025Mar 2025Change MoM
1--
N/A
2-$157.7K
N/A
3$262.4K$315K
+20.0%
4$323K-
N/A
5$385K-
N/A

Summary: Lakeside / Lester Park housing price by bedroom type for March 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes increased by +20.0%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does Lakeside / Lester Park, MN compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Lakeside / Lester Park, MN

Housing supply in Lakeside / Lester Park, MN

How many homes are available in Lakeside / Lester Park, MN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
21Last MonthMar 2025
172 months agoFeb 2025
+23.5 %
Change MoMFeb – Mar

Summary: The Lakeside / Lester Park real estate market had 21 homes for sale in Mar 2025, a 23.5 % increase compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
7Last MonthMar 2025
92 months agoFeb 2025
-22.2 %
Change MoMFeb – Mar

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
226
+200.0%
31011
+10.0%
443
-25.0%
511
0.0%
100
0.0%

Summary: Lakeside / Lester Park housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 2 bedroom homes increased by +200.0%. The inventory for 3 bedroom homes increased by +10.0%. The inventory for 4 bedroom homes decreased by -25.0%. The inventory for 5 bedroom homes remained the same. The inventory for 1 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Lakeside / Lester Park, MN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price3 Homes

At Asking Price0 Home

Under Asking Price3 Homes

Insight

If you're buying a home in Lakeside / Lester Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Lakeside / Lester Park in March 2025, down by 22.2% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and and 50% were sold over asking.

Days on Market for Lakeside / Lester Park, MN

How long does it take to sell a home in Lakeside / Lester Park, MN?

Breakdown of Home Sale Times

Under 30 Days5 Homes

30 – 90 Days2 Homes

Over 90 Days0 Home

Insight

Many homes in Lakeside / Lester Park are selling fast, if you're buying plan to act quickly.

Summary: During March 2025, 7 homes were sold in Lakeside / Lester Park; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
21 DaysLast MonthMar 2025
42 Days1 month agoFeb 2025
-50.6 %
Change MoMFeb – Mar

Summary: Homes in Lakeside / Lester Park had an average listing age of 21 days in Mar 2025, down by 50.6% compared to the previous month.

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Newest Listings in Lakeside / Lester Park, MN

What homes are available in Lakeside / Lester Park, MN?

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MLS Disclaimers and Copyright

Based on information from Lake Superior Area MLS, and NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc. for the period 02/01/2025 - 04/01/2025

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Information is supplied by seller and other third parties and has not been verified. ©2025 Lake Superior Area REALTORS® MLS - All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/12/2025, 9:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/12/2025, 9:22:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.