The Lake Josephine housing market is very competitive. The median sale price of a home in Lake Josephine was $241K last month, up 4.6% since last year. The median sale price per square foot in Lake Josephine is $177, down 10.6% since last year.
What is the housing market like in Lake Josephine today?
In March 2024, Lake Josephine home prices were up 4.6% compared to last year, selling for a median price of $241K. On average, homes in Lake Josephine sell after 33 days on the market compared to 28 days last year. There were 4 homes sold in March this year, down from 6 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$240,500
+4.6% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Lake Josephine, MN
$240,500
+4.6%
United States
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How hot is the Lake Josephine housing market?
Lake Josephine is very competitive. Homes sell in 20 days.
0
100
81
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 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 20 days.
Hot homes
can sell for about 3% above list price and go pending in around 12 days.
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 Lake Josephine housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Lake Josephine.
Risk Factor
Flood Factor - Minor
5% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lake Josephine has a minor risk of flooding. 20 properties in Lake Josephine are likely to be
severely affected
by flooding over the next 30 years. This represents 5% of all properties in Lake Josephine. Flood risk is increasing slower than the national average.
1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Lake Josephine has a minor risk of wildfire. There are 18 properties in Lake Josephine that have some risk of being affected by wildfire over the next 30 years. This represents 1% of all properties in Lake Josephine.
Lake Josephine has minimal risk of severe winds over the next 30 years
Wind Factor
Lake Josephine has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.