Is Lyon County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lyon County has remained a Seller's Market.
Housing Prices in Lyon County, MN
How much do homes in Lyon County, MN cost?
Median Sold Price
$189,000
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lyon County was $189,000 in April 2024, up 0.8% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $87.5K | $300K | +242.9% |
2 Bedrooms | $131.1K | $96K | -26.8% |
3 Bedrooms | $177K | $165K | -6.8% |
4 Bedrooms | $207.5K | $250K | +20.5% |
5+ Bedrooms | $370K | $268K | -27.6% |
Summary: Lyon County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 242.9%, 2 bedroom homes decreased by 26.8%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes decreased by 27.6%.
Median Sold Price Compared To Nearby Counties
Lincoln County | $121K | $141.2K | +16.7% |
Yellow Medicine County | $134.9K | $145K | +7.5% |
Redwood County | $139.4K | $145.6K | +4.4% |
Murray County | $125.6K | $129.9K | +3.5% |
Lyon County | $187.5K | $189K | +0.8% |
Housing Supply in Lyon County, MN
How many homes are available in Lyon County, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
64 | 82 | +28.1% |
Summary: The Lyon County real estate market had 82 homes for sale in April 2024, a 28.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 13 | 15 | +15.4% |
3 Bedrooms | 25 | 32 | +28.0% |
4 Bedrooms | 20 | 25 | +25.0% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Lyon County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 28%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 14 | +40.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Lyon County in April 2024, up by 40.0% month-over-month. Of the 14 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
85 Days | 62 Days | -26.6% |
Summary: Homes in Lyon County had an average of 62 days on market in Apr 2024, down by 26.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Lyon County; 57% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.