Lonsdale Real Estate Market Report: August 2024
In August 2024, the median sale price in Lonsdale was $332,500, up 16.7% from a year earlier.
- Median Sales Price
- $332,500
- +16.7% vs. August 2023
- Homes for Sale
- 14
- -17.6% vs. August 2023
- Months Supply
- 2.1
- -27.6% vs. August 2023
- Seller's market
- Days on Market
- 22
- -80.9% vs. August 2023
- Closed Sales
- 8
- +60% vs. August 2023
- Percent of Original List Received
- 101.4%
- +2.7 pts vs. August 2023
What this means
The median sale price has increased by 17% from last year to $332,500, though an opposite trend in price per square foot suggests this change more likely reflects the mix of homes that sold.
Homes are selling 93 days more quickly than last year, averaging 22 days on market, and sellers are receiving 101.4% of their original asking price.
The area is currently a seller's market with 2.1 months of supply. Active inventory is down 18% from last year to 14 homes for sale.
In this seller's market, buyers should be prepared to act quickly, while sellers can generally expect strong interest if priced correctly.
Common questions about the Lonsdale market
Is Lonsdale a buyer's or seller's market?
Lonsdale was a seller's market in August 2024, with 2.1 months of supply. Under about 3 months generally favors sellers, 3 to 6 months is considered balanced, and over 6 months favors buyers. There were 14 homes for sale.
How fast are homes selling in Lonsdale?
Homes that sold in August 2024 spent an average of 22 days on market, 93 days faster than a year earlier. Sellers received 101.4% of their original list price on average.
Are home prices going up in Lonsdale?
Yes. The median sale price rose 16.7% year over year to $332,500. Price per square foot moved the other way (from $240 to $157), which suggests the change mostly reflects the mix of homes sold.
Market trends in Lonsdale
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| July 2023 | $350,000 | 8 | 123 | 3.1 |
| August 2023 | $285,000 | 5 | 115 | 2.9 |
| September 2023 | $360,450 | 12 | 105 | 3.5 |
| October 2023 | $316,250 | 12 | 72 | 2.6 |
| November 2023 | $337,500 | 8 | 104 | 2.6 |
| December 2023 | $365,000 | 5 | 141 | 2.4 |
| January 2024 | $265,000 | 5 | 36 | 1.7 |
| February 2024 | $422,500 | 5 | 39 | 2 |
| March 2024 | $306,000 | 3 | 15 | 2 |
| April 2024 | $341,250 | 6 | 59 | 1.1 |
| May 2024 | $320,950 | 12 | 42 | 1.7 |
| June 2024 | $360,000 | 5 | 61 | 2.1 |
| July 2024 | $395,000 | 9 | 24 | 1.3 |
| August 2024 | $332,500 | 8 | 22 | 2.1 |
How Lonsdale compares with the Twin Cities region
In August 2024, the median sale price in Twin Cities (16-County Region) was $389,000.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published September 4, 2026.
Report published .
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