Minnesota Lake, MN Home Values & Market Trends

Real estate market trends reflect that there have been 16 transactions over the past year in Minnesota Lake. The median value for residential home transactions that occurred over the previous year is $174,550.67. The number of current listings in Minnesota Lake is 3, and the percentage of properties for sale in the city is 3.00%. Minnesota Lake, MN currently has 0 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 3 properties for sale.

Minnesota Lake, MN Real Estate Market Overview

ZipMedian Est. Value
56068

$ 363,890

$ 151/sqft

Housing Market Summary for Minnesota Lake, MN

Apr 2023March 2024Change
Median Listing Price$165K$122.2K-25.95%
Median Sold Price$116.6K$122.2K4.77%
Homes For Sale12100.00%
Homes Sold81250.00%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Minnesota Lake, MN

Minnesota Lake home values range from $19,330 to $1,425,669. The median estimated value of a home in Minnesota Lake is $174,550.67. The median list price of a home is 339,000, and the total count of properties in the city is 392.

Foreclosure
There is 1 zips within Minnesota Lake, MN; within this zips, the median estimated home value for homes in foreclosure ranges from $0 in $[foreclosures-lowest-avm-region] to the lowest value of $0 in $[foreclosures-lowest-avm-region]. Foreclosure homes account for NaN% of properties in Minnesota Lake, MN with $[foreclosures-highest-count-region] containing 0 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Minnesota Lake, MN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Minnesota Lake, MN; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Minnesota Lake, MN ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Minnesota Lake, MN. There is 1 zips within Minnesota Lake, MN; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    N/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Minnesota Lake, MN. Auction homes and other auction properties account for 0% of all properties in Minnesota Lake, MN. There is 1 zips within Minnesota Lake, MN; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.77% of residential properties in Minnesota Lake, MN with 56068 containing 3 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Minnesota Lake, MN; homes for sale in that zips, have a range of median values from $518,000 in 56068 to the lowest value of $220,000 in 56068.
    Sold Homes
    The median value for recently sold homes ranges from $305,041 in 56068 to the lowest price of $20,834 in 56068. There is 1 zips within Minnesota Lake, MN. 56068 has 11 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.81% of properties in Minnesota Lake, MN.

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      Guide for Minnesota Lake, MN

      Market Reports
      Saint Paul Real Estate Market Shows Steady Growth Through 2023-2024
      Market Reports
      Minneapolis’ Real Estate Market Faces Value Dip, February 2024
      Home Buying Guides & Tips
      Is Buying a Foreclosed Home a Good Idea for First-Time Home Buyers?
      Home Buying Guides & Tips
      How To Stop a Foreclosure via a Short Sale
      See More Articles
      Saint Paul Real Estate Market Shows Steady Growth Through 2023-2024
      Market Reports|posted 26 March 2024

      Overview of the real estate trends in Saint Paul over the past year, analyzing various aspects like sale prices, property values, market activity, and market dynamics on a monthly basis, discussing influences such as economic conditions, interest rates, seasonal changes, and local employment levels.

      Minneapolis’ Real Estate Market Faces Value Dip, February 2024
      Market Reports|posted 14 March 2024

      The article provides a comprehensive analysis of real estate market trends in Minneapolis and its surrounding cities, highlighting various shifts in property values and sales. The observations reflect a diverse and dynamic market catering to varying buyer preferences and budgets.

      Is Buying a Foreclosed Home a Good Idea for First-Time Home Buyers?
      Home Buying Guides & Tips|posted 26 April 2024

      Are you considering purchasing a foreclosure for your first home? Let’s look potential pitfalls, and essential tips to make an informed decision.

      How To Stop a Foreclosure via a Short Sale
      Home Buying Guides & Tips|posted 26 April 2024

      Learn how a short sale can stop the foreclosure process.

      Recently Listed Homes Minnesota Lake, MN

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