Is Lindstrom, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lindstrom has remained a Seller's Market.
Key Takeaway
Lindstrom is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lindstrom, MN
How much do homes in Lindstrom, MN cost?
Median Sold Price
$391,750
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lindstrom have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Lindstrom was $391,750 in May 2024, up 7.3% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $275K | -1.8% |
| 2 Bedrooms | $340K | $311.5K | -8.4% |
| 3 Bedrooms | $355.2K | $375K | +5.6% |
| 4 Bedrooms | $360K | $425K | +18.1% |
| 5+ Bedrooms | $500K | $490K | -2.0% |
Summary: Lindstrom housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes decreased by 8.4%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Cities
| Chisago Lake Township | $432.5K | $578.7K | +33.8% |
| Lindstrom | $365K | $391.7K | +7.3% |
| Chisago City | $436K | $452.5K | +3.8% |
Housing Supply in Lindstrom, MN
How many homes are available in Lindstrom, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 49 | +36.1% |
Summary: The Lindstrom real estate market had 49 homes for sale in May 2024, a 36.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 12 | +33.3% |
| 3 Bedrooms | 10 | 17 | +70.0% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Lindstrom housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 70%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 11 | +175.0% |
Asking Price vs. Sold Price
3 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 Lindstrom, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Lindstrom in May 2024, up by 175.0% month-over-month. Of the 11 sold homes, 27% were sold under asking, 45% were sold at asking, and 27% were sold over asking.
Days on Market for Lindstrom, MN
How long does it take to sell a home in Lindstrom, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 27 Days | +6.2% |
Summary: Homes in Lindstrom had an average of 27 days on market in May 2024, up by 6.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lindstrom are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Lindstrom; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
