The Loring Park housing market is not very competitive. The median sale price of a home in Loring Park was $240K last month, down 3.0% since last year. The median sale price per square foot in Loring Park is $237, up 11.8% since last year.
What is the housing market like in Loring Park today?
In March 2024, Loring Park home prices were down 3.0% compared to last year, selling for a median price of $240K. On average, homes in Loring Park sell after 186 days on the market compared to 134 days last year. There were 11 homes sold in March this year, down from 31 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$240,000
-3.0% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Loring Park, MN
$240,000
-3.0%
United States
To compare other locations to the Loring Park and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Minneapolis add value to a home.
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How hot is the Loring Park housing market?
Loring Park is not very competitive. Homes sell in 135 days.
0
100
7
Not 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 6 months
Multiple offers are rare.
The average homes sell for about 5% below list price and go pending in around 135 days.
Hot homes
can sell for about 2% below list price and go pending in around 47 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
Emerson Elementary School
Public • PreK-5 • Choice school
489
Students
3 reviews
NR
Fair Elementary
Public • K-3
23
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 Loring Park housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Loring Park.
Risk Factor
Flood Factor - Moderate
16% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Loring Park has a moderate risk of flooding. 19 properties in Loring Park are likely to be
severely affected
by flooding over the next 30 years. This represents 16% of all properties in Loring Park. Flood risk is increasing slower than the national average.
1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Loring Park has a minor risk of wildfire. There are 5 properties in Loring Park that have some risk of being affected by wildfire over the next 30 years. This represents 1% of all properties in Loring Park.
Loring Park has minimal risk of severe winds over the next 30 years
Wind Factor
Loring Park has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.