The Lakes, MN Housing Market
The The Lakes housing market is not very competitive. The median sale price of a home in The Lakes was $483K last month, down 36.1% since last year. The median sale price per square foot in The Lakes is $259, up 11.2% since last year.
The Lakes Housing Market Trends
since last year
since last year

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How hot is the The Lakes housing market?
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
- Multiple offers are rare.
- The average homes sell for about 4% below list price and go pending in around 78 days.
- Hot homescan sell for around list price and go pending in around 22 days.
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
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 1% above list price and go pending in around 7 days.
- Hot homescan sell for about 5% above list price and go pending in around 2 days.
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 9 months
- Some homes get multiple offers.
- The average homes sell for about 1% below list price and go pending in around 24 days.
- Hot homescan sell for around list price and go pending in around 8 days.
The Lakes Migration & Relocation Trends
View houses in The Lakes that sold recently
Recently sold homes
- $340,550 Last Sold Price3 beds1 bath—sq ft58 Shady Rest Rd, Garvin, MN 56132List Price$310,000Sale to List10% over listDays on Market35 days58 Shady Rest Rd, Garvin, MN 56132
- $51,333 Last Sold Price—beds—baths—sq ft7 Lighthouse Ln, Lake Sarah Twp, MN 56172List Price$54,500Sale to List6% under listDays on Market50 days7 Lighthouse Ln, Lake Sarah Twp, MN 56172
- $51,333 Last Sold Price—beds—baths—sq ft13 Lighthouse Ln, Lake Sarah Twp, MN 56172List Price$54,500Sale to List6% under listDays on Market50 days13 Lighthouse Ln, Lake Sarah Twp, MN 56172
- $51,333 Last Sold Price—beds—baths—sq ft11 Lighthouse Ln, Lake Sarah Twp, MN 56172List Price$54,500Sale to List6% under listDays on Market50 days11 Lighthouse Ln, Lake Sarah Twp, MN 56172
- $270,000 Last Sold Price2 beds3 baths—sq ft101 Kelsey Ln, Slayton, MN 56172List Price$290,000Sale to List7% under listDays on Market252 days101 Kelsey Ln, Slayton, MN 56172
- $727,500 Last Sold Price3 beds2 baths—sq ft44 Lakeview Dr, Lake Sarah Twp, MN 56172List Price$725,000Sale to List0% over listDays on Market67 days44 Lakeview Dr, Lake Sarah Twp, MN 56172
- $625,000 Last Sold Price4 beds3 baths—sq ft45 Lakeview Dr, Lake Sarah Twp, MN 56172List Price$625,000Sale to List0% over listDays on Market53 days45 Lakeview Dr, Lake Sarah Twp, MN 56172
- $297,500 Last Sold Price3 beds3 baths—sq ft103 Kelsey Ln, Slayton, MN 56172List Price$305,000Sale to List2% under listDays on Market320 days103 Kelsey Ln, Slayton, MN 56172
See all recently sold homes in The Lakes.
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Schools in The Lakes
- Elementary
- Middle
- High
GreatSchools Rating
No elementary schools in this region.
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.
Flood Factor
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Heat Factor
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