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 $345K last month, down 23.3% since last year. The median sale price per square foot in The Lakes is $269, down 6.7% since last year.

Trends
Demand
Migration
Schools
Climate

The Lakes Housing Market Trends

What is the housing market like in The Lakes today?

$345K

Sale Price

-23.3%
since last year

$269

Sale $/Sq. Ft.

-6.7%
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

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 13 days.
Hot homes
can sell for about 3% above list price and go pending in around 8 days.

Tracy

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 43 days.
Hot homes
can sell for about 2% above list price and go pending in around 13 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 27, 2024
$295,000 Last Sold Price
2 beds
1 bath
—sq ft
70 Shady Rest Rd, Garvin, MN 56132
List Price
$299,000
Sale to List
1% under list
Days on Market
58 days
70 Shady Rest Rd, Garvin, MN 56132
SOLD NOV 21, 2024
$395,000 Last Sold Price
2 beds
2 baths
—sq ft
8 Edgewater Rd, Slayton, MN 56172
List Price
$425,000
Sale to List
7% under list
Days on Market
38 days
8 Edgewater Rd, Slayton, MN 56172
SOLD NOV 1, 2024
$120,000 Last Sold Price
—beds
—baths
—sq ft
13 Jayvee Ln, Garvin, MN 56132
List Price
$131,200
Sale to List
9% under list
Days on Market
316 days
13 Jayvee Ln, Garvin, MN 56132
SOLD OCT 25, 2024
$375,000 Last Sold Price
4 beds
3 baths
—sq ft
1615 201st St, Garvin, MN 56132
List Price
$399,000
Sale to List
6% under list
Days on Market
170 days
1615 201st St, Garvin, MN 56132
SOLD OCT 4, 2024
$565,000 Last Sold Price
3 beds
2 baths
—sq ft
22 Sioux Trl, Slayton, MN 56172
List Price
$565,000
Sale to List
0% over list
Days on Market
25 days
22 Sioux Trl, Slayton, MN 56172
SOLD SEP 4, 2024
$420,000 Last Sold Price
2 beds
1 bath
—sq ft
112 Pleasant View Rd, Lake Sarah Twp, MN 56172
List Price
$410,000
Sale to List
2% over list
Days on Market
27 days
112 Pleasant View Rd, Lake Sarah Twp, MN 56172
SOLD AUG 21, 2024
$145,000
—beds
—baths
—sq ft
11 Sandbar Rd, Tracy, MN 56175
List Price
—
Sale to List
—
Days on Market
—
11 Sandbar Rd, Tracy, MN 56175
SOLD AUG 8, 2024
$180,000 Last Sold Price
—beds
—baths
—sq ft
7 Jayvee Ln, Lake Sarah Twp, MN 56132
List Price
$200,000
Sale to List
10% under list
Days on Market
223 days
7 Jayvee Ln, Lake Sarah Twp, MN 56132
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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