April: Lino Lakes experienced a 1.9% drop in median home prices

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The median sale price of a home sold in April in Lino Lakes fell by $8,000 while total sales decreased by 30 percent, according to BlockShopper.com.

In April, there were 14 homes sold, with a median sale price of $411,000 - a 1.9 percent decrease from the $419,000 median sale price for the same period of the previous year. There were 20 homes sold in Lino Lakes in April 2021.

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

The following table compares Lino Lakes to other Anoka County cities with similar median sale prices in April:

CityApril 2022 Home SalesApril 2021 Home Sales% change (Total Home Sales)April 2022 Median Sales PriceApril 2021 Median Sales Price% change (Median Sales Price)
Oak Grove23-33.3$422,500$480,000-12
Lino Lakes1420-30$411,000$419,000-1.9
Ham Lake161233.3$407,500$376,5008.2
Coon Rapids6063-4.8$337,200$285,00018.3
St. Francis510-50$330,000$310,5006.3
East Bethel112450$330,000$398,012-17.1

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