The Lakes, MN Housing Market

Homes for sale

The The Lakes housing market is not very competitive. The median sale price of a home in The Lakes was $160K last month, down 71.7% since last year. The median sale price per square foot in The Lakes is $71, down 79.6% since last year.

Trends
Demand
Migration
Schools
Climate

The Lakes Housing Market Trends

What is the housing market like in The Lakes today?

$160K

Sale Price

-71.7%
since last year

$71

Sale $/Sq. Ft.

-79.6%
since last year

Under List Price

4.4%

Days on Market

Down Payment

—

Total Homes Sold

To compare other locations to the The Lakes and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in The Lakes add value to a home.

How hot is the The Lakes housing market?

The Lakes is not very competitive. Homes sell in 78 days.

100

Not Very Competitive

Multiple offers are rare.
The average homes sell for about 4% below list price and go pending in around 78 days.
Hot homes
can sell for around list price and go pending in around 22 days.

Compare With Nearby Cities

Marshall

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 1% above list price and go pending in around 14 days.
Hot homes
can sell for about 6% above list price and go pending in around 4 days.

Slayton

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% below list price and go pending in around 21 days.
Hot homes
can sell for about 1% above list price and go pending in around 11 days.

See more nearby cities and neighborhoods

The Lakes Migration & Relocation Trends

No data on migration and relocation available in this area right now

Learn about migration trends in nearby cities

View houses in The Lakes that sold recently

Recently sold homes

SOLD NOV 26, 2025
$300,000 Last Sold Price
—beds
—baths
—sq ft
8 Cheryl Ave, Slayton, MN 56172
List Price
$325,000
Sale to List
8% under list
Days on Market
62 days
8 Cheryl Ave, Slayton, MN 56172
SOLD NOV 19, 2025
$207,500 Last Sold Price
3 beds
1 bath
—sq ft
1586 Highway 59, Slayton, MN 56172
List Price
$225,000
Sale to List
8% under list
Days on Market
38 days
1586 Highway 59, Slayton, MN 56172
SOLD OCT 1, 2025
$160,000 Last Sold Price
2 beds
3 baths
—sq ft
2034 205th Ave, Tracy, MN 56175
List Price
$155,000
Sale to List
3% over list
Days on Market
40 days
2034 205th Ave, Tracy, MN 56175
SOLD SEP 17, 2025
$480,000 Last Sold Price
3 beds
3 baths
—sq ft
34 Shady Rest Rd, Garvin, MN 56132
List Price
$515,000
Sale to List
7% under list
Days on Market
66 days
34 Shady Rest Rd, Garvin, MN 56132
SOLD AUG 26, 2025
$310,000 Last Sold Price
2 beds
1 bath
—sq ft
50 Shady Rest Rd, Garvin, MN 56132
List Price
$310,000
Sale to List
0% over list
Days on Market
42 days
50 Shady Rest Rd, Garvin, MN 56132
SOLD AUG 13, 2025
$140,000 Last Sold Price
—beds
—baths
—sq ft
15 Pommier Ln, Garvin, MN 56132
List Price
$135,000
Sale to List
4% over list
Days on Market
20 days
15 Pommier Ln, Garvin, MN 56132
SOLD JUL 11, 2025
$422,000 Last Sold Price
4 beds
3 baths
—sq ft
27 Lake Shetek Dr, Slayton, MN 56172
List Price
$424,900
Sale to List
1% under list
Days on Market
59 days
27 Lake Shetek Dr, Slayton, MN 56172
SOLD JUL 10, 2025
$240,000 Last Sold Price
2 beds
1 bath
—sq ft
43 Blue Stem Rd, Tracy, MN 56175
List Price
$275,000
Sale to List
13% under list
Days on Market
58 days
43 Blue Stem Rd, Tracy, MN 56175
See all recently sold homes in The Lakes.
See listings

Schools in The Lakes

Learn about schools in the The Lakes area

Elementary
Middle
High

GreatSchools Rating

No elementary schools in this region.

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.

Provided by First Street Foundation

More real estate resources for The Lakes

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