Lino Lakes home prices rise in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Lino Lakes rose by $80,000 while total sales decreased by 14.3%, according to BlockShopper.com.

From July through September of 2020, there were 42 homes sold, with a median sale price of $375,000 - a 27.1% increase over the $295,000 median sale price for the same period of the previous year. There were 49 homes sold in Lino Lakes in the third quarter of 2019.

The median sales tax in Lino Lakes for the most recent year with available data, 2019, was $3,738, approximately 1% of the median home sale price for the third quarter of 2020.

The following table compares Lino Lakes to other Anoka County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Nowthen512-58.3%$413,000$398,0003.8%
Ham Lake2939-25.6%$399,900$355,00012.6%
Lino Lakes4249-14.3%$375,000$295,00027.1%
Columbus1118-38.9%$350,000$349,9500%
Andover94144-34.7%$350,000$320,0009.4%
Oak Grove1837-51.4%$342,500$345,000-0.7%
Linwood1113-15.4%$326,000$370,000-11.9%
Martin Lake37-57.1%$304,900$237,00028.6%
East Bethel1848-62.5%$300,000$264,80013.3%
Ramsey69114-39.5%$300,000$279,9507.2%
Blaine180273-34.1%$287,000$267,0007.5%

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