The The Lakes housing market is somewhat competitive. The median sale price of a home in The Lakes was $375K last month, down 2.0% since last year. The median sale price per square foot in The Lakes is $181, down 24.4% since last year.
What is the housing market like in The Lakes today?
In April 2024, The Lakes home prices were down 2.0% compared to last year, selling for a median price of $375K. On average, homes in The Lakes sell after 31 days on the market compared to 22 days last year. There were 17 homes sold in April this year, up from 12 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$375,000
-2.0% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
The Lakes, MN
$375,000
-2.0%
United States
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How hot is the The Lakes housing market?
The Lakes is somewhat competitive. Homes sell in 31 days.
0
100
69
Somewhat 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
Some homes get multiple offers.
The average homes sell for around list price and go pending in around 31 days.
Hot homes
can sell for about 1% above list price and go pending in around 18 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 The Lakes housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in The Lakes.
Risk Factor
Flood Factor - Minor
12% of properties are at risk of severe flooding over the next 30 years
Flood Factor
The Lakes has a minor risk of flooding. 140 properties in The Lakes are likely to be
severely affected
by flooding over the next 30 years. This represents 12% of all properties in The Lakes. Flood risk is increasing slower than the national average.
67% of properties are at risk of wildfire over the next 30 years
Fire Factor
The Lakes has a moderate risk of wildfire. There are 1,896 properties in The Lakes that have some risk of being affected by wildfire over the next 30 years. This represents 67% of all properties in The Lakes.