By Francine Marsolek
L
ino Lake is a medium-sized city in the state of Minnesota with a population of about 21,399 people. The city has five constituent neighborhoods namely; Lino Lakes East, Lino Lakes Southeast, City Center, Lino Lakes North and Lino Lakes Northeast. The data presented in this article applies to the city as a whole and not the constituent neighborhoods. The population and size of Lino Lake city puts it at 54th largest community in Minnesota.
According to realtor.com, the median price for homes sold in Lino Lakes is $480K. The company further reports that in March 2022, the median listing price was up 18 percent year over year and the sale to list ratio standing at 100%.
Although the real estate market is performing better, hyping the prices of homes and apartments in the city, I can confidently say that the prices here are moderate and do not compare to the country’s most expensive cities.
On average, homes in Lino Lakes stayed on the market for an average of 43 days.
Real Estate Profile
Going by the current market conditions, Lino Lakes was a buyers’ market in the first quarter of the year which means that the supply of homes was higher than the demand.
When you look at the composition of the housing types in Lino Lakes, single-family detached homes are easily recognizable as they are the MAY 2022 | 97
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Real Estate Market Overview: Lino Lakes Minnesota Appreciation Data and Trends 2022
