The Merriam Park-Lexington-Hamline housing market is very competitive. The median sale price of a home in Merriam Park-Lexington-Hamline was $400K last month, up 27.0% since last year. The median sale price per square foot in Merriam Park-Lexington-Hamline is $227, up 17.6% since last year.
What is the housing market like in Merriam Park-Lexington-Hamline today?
In March 2024, Merriam Park-Lexington-Hamline home prices were up 27.0% compared to last year, selling for a median price of $400K. On average, homes in Merriam Park-Lexington-Hamline sell after 27 days on the market compared to 31 days last year. There were 32 homes sold in March this year, up from 23 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$400,000
+27.0% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Merriam Park-Lexington-Hamline, MN
$400,000
+27.0%
United States
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How hot is the Merriam Park-Lexington-Hamline housing market?
Merriam Park-Lexington-Hamline is very competitive. Homes sell in 23.5 days.
0
100
70
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 24 days.
Hot homes
can sell for about 3% above list price and go pending in around 8 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
2/10
Galtier Magnet Elementary School
Public • PreK-5
196
Students
6 reviews
1/10
Four Seasons Elementary School
Public • PreK-5 • Choice school
462
Students
8 reviews
NR
Misc. Schools (np)
Public • N/A
-
Students
N/A
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Merriam Park-Lexington-Hamline housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Merriam Park-Lexington-Hamline.
Risk Factor
Flood Factor - Moderate
7% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Merriam Park-Lexington-Hamline has a moderate risk of flooding. 131 properties in Merriam Park-Lexington-Hamline are likely to be
severely affected
by flooding over the next 30 years. This represents 7% of all properties in Merriam Park-Lexington-Hamline. Flood risk is increasing faster than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Merriam Park-Lexington-Hamline has a minor risk of wildfire. There are 10 properties in Merriam Park-Lexington-Hamline that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Merriam Park-Lexington-Hamline.
Merriam Park-Lexington-Hamline has minimal risk of severe winds over the next 30 years
Wind Factor
Merriam Park-Lexington-Hamline has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
99% of properties are at minor
risk of heat over the next 30 years
Heat Factor
Merriam Park-Lexington-Hamline has a minor risk from heat. This is due to
"feels like" temperatures
increasing, and because 99% of homes in Merriam Park-Lexington-Hamline have a Minor Heat Factor®.
Merriam Park-Lexington-Hamline is expected to see a 100% increase in the number of days over 99ºF over the next 30 years. Merriam Park-Lexington-Hamline is expected to experience 7