You can click on the hyperlinks to see the homes. Ill give my take in a summary following the Lakeville housing data.
My Criteria is as follows:
Lakeville housing Minnesota only.
Active Lakeville listings – anything active although some have accepted offers with contingencies.
Pending Lakeville Listings – an offer has been accepted waiting to close.
Closed Lakeville Listings – the sale is closed.
- 250k or under townhomes for sale Lakeville Minnesota
- 250k or over townhomes for sale Lakeville Minnesota – 2 story
- Single level townhomes all price ranges for sale Lakeville Minnesota
- 300k or under single family homes for sale Lakeville Minnesota
- 300k-400k single family homes for sale Lakeville Minnesota
- 400k-500k single family homes for sale Lakeville Minnesota
- 500k – 600k single family homes for sale Lakeville Minnesota
- 600k-700k single family homes for sale Lakeville Minnesota
- 700k and over, single family homes for sale Lakeville Minnesota
- 250k or under townhomes for sale Lakeville Minnesota. I started with the entry level homes.
Active townhome for sale under 250k Lakeville Mn – At the time of this writing, there was only 1 active townhome for sale in Lakeville MN and it shows it has an accepted offer, meaning its in the preliminary stages and could move to pending soon.
Pending townhome for sale Lakeville MN – At the time of this writing there is only one townhome pending under 250k in Lakeville Mn. There is only 1 outside picture, no agent or buyer remarks, so we don’t know the condition of this property.
Closed last 30 days under 250k Lakeville townhome sold – Only 1 sale recorded closed in the last 30 days.
Summary – Lakeville Minnesota is in dire need of affordable homes, the second they come on the market they have been selling. We hope to see this price range grow in active listings, so far it’s not. If you’re looking in this price range, be full pre-approved and ready to act fast.
- 250k or over townhomes for sale Lakeville Minnesota – 2 story
Active townhomes for sale over 250k Lakeville MN – At the time of this writing, there are 8 and only 2 of those under 300k.
Pending townhome for sale Lakeville MN over 250k – At the time of this writing there are 30.
Closed last 30 days over 250k Lakeville townhomes sold – at the time of this writing there are 16 closed sales in the last 30 days.
Summary – Not enough inventory coming on the market in this price range. If you’re buying in this price range be prepared to move quickly, be fully pre-approved.
- Single level townhomes all price ranges for sale Lakeville Minnesota
Active single level townhomes for sale Lakeville MN all prices – At the time of this writing there are 11 active listings.
Pending single level townhomes for sale Lakeville Mn all prices – At the time of this writing there 15.
Closed last 30 days single level townhomes for sale Lakeville MN sold all prices – At the time of this writing there are 6 that closed in the last 30 days.
Summary – The active for sale inventory and pending sales in this category are relatively balanced. This allows buyers more time to consider the home purchase, negotiate, more or an even playing field between buyers and sellers.
- 300k or under single family homes for sale Lakeville Minnesota
Active Lakeville Minnesota home for sale under 300k – at the time of this writing there is only 1 active Lakeville home for sale under 300k.
There were no pending sales for under 300k, so no data for this category.
Closed single family home under 300k Lakeville MN sold – At the time of this writing there is only 1 closed sale under 300k.
Summary – Lakeville Minnesota is in dire need of affordable single family homes, the second they come on the market they’re selling. We hope to see this price range grow in active listings, so far its not. If you’re looking in this price range, be full pre-approved and ready to act fast.
- 300k-400k single family homes for sale Lakeville Minnesota
Active Lakeville Minnesota homes for sale between 300-400k – at the time of this writing there are 11 homes for sale between this price point.
Pending Lakeville Minnesota homes for sale between 300-400k – At the time of this writing there are 17 pending homes for sale.
Closed Lakeville Minnesota home for sale between 300-400k closed -At the time of this writing there are 13 homes that have closed for sale in the last 30 days.
Summary – The balance is slightly tipped in favor of the Seller but not by a lot, we will continue to watch through the summer and see how the balance between the Buyer and Seller fair.
- 400k-500k single family homes for sale Lakeville Minnesota
Active Lakeville Minnesota homes for sale between 400-500k – At the time of this writing there are 22 active homes for sale between 400-500k
Pending Lakeville Minnesota homes for sale between 400-500k – At the time of this writing there are 46 homes pending.
Closed Lakeville Minnesota homes for sale Sold last 30 days – At the time of this writing there are 20 homes that have closed in the last 30 days.
Summary – It looks like a lot of homes recently were purchased but not yet closed, this could be a result from spring buyers moving. We want to watch and see if the active volume grows in the next 30 days. Its hard to say the balance because it looks like an influx of purchases were made. Data next month will tell a better story of the balance.
- 500k – 600k single family homes for sale Lakeville Minnesota
Active Lakeville Minnesota homes for sale between 500-600k – At the time of this writing there are 53 active homes for sale.
Pending Lakeville MN homes for sale between 500-600k – At the time of this writing there are 54 pending homes for sale
Closed Lakeville Minnesota homes for sale between 500-600k closed – At the time of this writing in the last 30 days there are 24 homes that sold.
Summary – This is a balanced market, quite a few options for sale, about as many home for sale as pending. This price range give a buyer more flexibility to find what they want, have a little room to negotiate.
- 600k-700k single family homes for sale Lakeville Minnesota
Active Lakeville Minnesota homes for sale between 600-700k – At time of this writing there are 30 homes for sale
Pending Lakeville Minnesota homes for sale between 600-700k – At the time of this writing there are 32 homes pending for sale.
Closed Lakeville Minnesota homes for sale between 600-700k sold – At the time of this writing there are 9 homes between 600-700k that sold in the last 30 days.
Summary – This is a balanced market, quite a few options for sale, about as many home for sale as pending. This price range give a buyer more flexibility to find what they want, have a little room to negotiate.
- 700k and over, single family homes for sale Lakeville Minnesota
Active Lakeville Minnesota homes for sale over 700k – At time of this writing there are over 32 homes for sale
Pending Lakeville Minnesota homes for sale over 700k – At time of this writing there are 32 homes for sale pending.
Closed Lakeville Minnesota homes for sale over 700k sold – At the time of this writing there are 5 homes that sold.
Summary – This is a balanced market, quite a few options for sale, about as many home for sale as pending. This price range give a buyer more flexibility to find what they want, have a little room to negotiate.
I’m a real estate broker in both Minnesota and South West Florida, this gives me the perspective to look at the market in both states. The market around the country has been changing quickly due to interest rates jumping at a rapid rate. Quick rising interest rates impact buyers who are using financing to purchase a home. High interest rates make homes less affordable by pushing up monthly mortgage payments, thus pushing buyer demand down. In Florida I’m seeing the market change quickly, lots of inventory coming on the market in all price ranges. Here in Lakeville Minnesota I’m not seeing the rise in inventory in all price ranges, especially entry level. If interest rates continue to rise, we anticipate slowly seeing inventory come on the market, and some buyers will take a pause to buying due to higher interest rates this will help lower the competition, lower buyer demand may allow more buying options in all categories. So far, it looks like the higher you go in purchase price the more options you have in Lakeville. We will continue to watch and see if the market starts to change, if it does it looks like it will start from high end and work down.