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Minnesota State Wire

Wednesday, November 6, 2024

Pricing for the median home in Lino Lakes increased during the second half of 2020

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The median sale price of a home sold in the second half of 2020 in Lino Lakes rose by $54,000 while total sales increased by 13.8%, according to BlockShopper.com.

From July through December of 2020, there were 74 homes sold, with a median sale price of $344,000 - a 18.6% increase over the $290,000 median sale price for the same period of the previous year. There were 65 homes sold in Lino Lakes in the second half of 2019.

The median sales tax in Lino Lakes for the most recent year with available data, 2019, was $3,738, approximately 1.1% of the median home sale price for the second half of 2020.

The following table compares Lino Lakes to other Anoka County cities with similar median sale prices in the second half of 2020:

CityJuly - Dec. 2020 Home SalesJuly - Dec. 2019 Home Sales% change (Total Home Sales)July - Dec. 2020 Median Sales PriceJuly - Dec. 2019 Median Sales Price% change (Median Sales Price)
Ham Lake52520%$387,450$353,0009.8%
Nowthen15147.1%$378,000$398,000-5%
Columbus1621-23.8%$358,200$349,9002.4%
Andover162174-6.9%$350,000$320,0009.4%
Lino Lakes746513.8%$344,000$290,00018.6%
Oak Grove4042-4.8%$342,500$330,0003.8%
Martin Lake48-50%$322,450$228,50041.1%
Linwood191711.8%$320,000$370,000-13.5%
East Bethel4260-30%$309,500$270,25014.5%
Ramsey136140-2.9%$300,000$279,2007.4%
Blaine321336-4.5%$295,000$267,00010.5%

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