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Minnesota State Wire

Wednesday, November 6, 2024

Rising home prices in Lino Lakes in the third quarter of 2021

Realestate077

The median sale price of a home sold in the third quarter of 2021 in Lino Lakes rose by $41,550 while total sales increased by 25.5%, according to BlockShopper.com.

From July through September of 2021, there were 64 homes sold, with a median sale price of $412,550 - a 11.2% increase over the $371,000 median sale price for the same period of the previous year. There were 51 homes sold in Lino Lakes in the third quarter of 2020.

The median sales tax in Lino Lakes for the most recent year with available data, 2019, was $3,738, approximately 0.9% of the median home sale price for the third quarter of 2021.

The following table compares Lino Lakes to other Anoka County cities with similar median sale prices in the third quarter of 2021:

CityJuly - Sept. 2021 Home SalesJuly - Sept. 2020 Home Sales% change (Total Home Sales)July - Sept. 2021 Median Sales PriceJuly - Sept. 2020 Median Sales Price% change (Median Sales Price)
Columbus1011-9.1%$512,000$350,00046.3%
Linwood1011-9.1%$429,000$326,00031.6%
Nowthen167128.6%$423,750$345,00022.8%
Oak Grove231827.8%$415,000$342,50021.2%
Lino Lakes645125.5%$412,549.50$371,00011.2%
Martin Lake4333.3%$409,950$304,90034.5%
East Bethel4119115.8%$398,900$300,00033%
Ham Lake383411.8%$390,000$387,4500.7%
Andover14310536.2%$390,000$359,9008.4%
Ramsey1147552%$339,950$300,00013.3%
Centerville209122.2%$330,000$275,00020%

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