New - 5 hours on Rocket
$6,828 Closing Credit¹
Listing Office: Keller Williams Integrity Realty
Lino Lakes Housing Market Report December 2024•Anoka County, Minnesota
Housing Prices in Lino Lakes, MN
How much do homes in Lino Lakes, MN cost?
Housing Market Conditions
Is Lino Lakes, MN a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Lino Lakes is a Seller's Market
Difference Since December 2023
Since last year, Lino Lakes has remained a Seller's Market.
Insight
Lino Lakes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$450,000$196/SqFt
+$25,000
+5.9%
Based on all homes sold in the last 12 months
Insight
Homes in Lino Lakes have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Lino Lakes was $450,000 in December 2024, up 5.9% from last year, and the median price per square foot was $196.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| North Oaks | $836K | $945.9K | +13.1% |
| Lino Lakes | $425K | $450K | +5.9% |
| Circle Pines | $355.5K | $359.9K | +1.3% |
| Hugo | $426.3K | $425.5K | -0.2% |
| Centerville | $410K | $365K | -11.0% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $275K | $310K | +12.7% |
| 33 Bedrooms | $353.5K | $350K | -1.0% |
| 44 Bedrooms | $500K | $500K | 0.0% |
| 55+ Bedrooms | $540K | $585K | +8.3% |
Summary: Lino Lakes housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +12.7%. The home price for 3 bedroom homes decreased by -1.0%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes increased by +8.3%.
Housing supply in Lino Lakes, MN
How many homes are available in Lino Lakes, MN?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 59Last MonthDec 2024 | ||
| 602 months agoNov 2024 | -1.7 % Change MoMNov – Dec |
Summary: The Lino Lakes real estate market had 59 homes for sale in Dec 2024, a 1.7 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 10Last MonthDec 2024 | ||
| 152 months agoNov 2024 | -33.3 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 7 | 4 | -42.9% |
| 33 Bedrooms | 20 | 19 | -5.0% |
| 44 Bedrooms | 26 | 27 | +3.8% |
| 55+ Bedrooms | 7 | 9 | +28.6% |
Summary: Lino Lakes housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -42.9%. The inventory for 3 bedroom homes decreased by -5.0%. The inventory for 4 bedroom homes increased by +3.8%. The inventory for 5 bedroom homes increased by +28.6%.
Asking Price vs. Sold Price
How much do homes in Lino Lakes, MN cost?
Over Asking Price2 Homes
At Asking Price4 Homes
Under Asking Price4 Homes
Insight
If you're buying a home in Lino Lakes, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Lino Lakes in December 2024, down by 33.3% month-over-month. Of the 10 sold homes, 40% were sold under asking, 40% were sold at asking, and and 20% were sold over asking.
Days on Market for Lino Lakes, MN
How long does it take to sell a home in Lino Lakes, MN?
Breakdown of Home Sale Times
Under 30 Days6 Homes
30 – 90 Days4 Homes
Over 90 Days0 Home
Insight
Many homes in Lino Lakes are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 10 homes were sold in Lino Lakes; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 28 DaysThis YearDec 2024 | ||
| 33 Days1 year agoDec 2023 | -16.1 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Lino Lakes had an average listing age of 28 days in Dec 2024, down by 16.1% compared to the previous year.
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Newest Listings in Lino Lakes, MN
What homes are available in Lino Lakes, MN?
New - 17 hours on Rocket
$3,800 Closing Credit¹
Listing Office: Edina Realty, Inc.
New - 19 hours on Rocket
$5,461 Closing Credit¹
Listing Office: Realty Group LLC
New - 3 days on Rocket
$5,522 Closing Credit¹
Listing Office: Lennar Sales Corp
New - 3 days on Rocket
$7,982 Closing Credit¹
Listing Office: Lennar Sales Corp
New - 5 days on Rocket
$2,969 Closing Credit¹
Listing Office: Epique Realty
$5,461 Closing Credit¹
Listing Office: Empire Realty LLC
$8,311 Closing Credit¹
Listing Office: Coldwell Banker Realty
$5,580 Closing Credit¹
Listing Office: RE/MAX Results
$7,303 Closing Credit¹
Listing Office: Lennar Sales Corp
$6,852 Closing Credit¹
Listing Office: Lennar Sales Corp
$4,274 Closing Credit¹
Listing Office: Keller Williams Classic Realty
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Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc., for the period 01/01/2023 - 01/01/2025
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Last updated on: 1/17/2025, 11:52:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.