The Lake City housing market is very competitive. The median sale price of a home in Lake City was $262K last month, up 7.3% since last year. The median sale price per square foot in Lake City is $122, down 28.2% since last year.
What is the housing market like in Lake City today?
In October 2024, Lake City home prices were up 7.3% compared to last year, selling for a median price of $262K. On average, homes in Lake City sell after 29 days on the market compared to 16 days last year. There were 10 homes sold in October this year, up from 2 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$262,000
+7.3% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Lake City, MN
$262,000
+7.3%
United States
To compare other locations to the Lake City and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Lake City add value to a home.
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How hot is the Lake City housing market?
Lake City is very competitive. Homes sell in 24 days.
0
100
78
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 6 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 24 days.
Hot homes
can sell for about 1% above list price and go pending in around 10 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 City housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Lake City.
Flood Factor - Minor
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lake City has a minor risk of flooding. 256 properties in Lake City are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in Lake City. Flood risk is increasing slower than the national average.
95% of properties are at risk of wildfire over the next 30 years
Fire Factor
Lake City has a moderate risk of wildfire. There are 3,311 properties in Lake City that have some risk of being affected by wildfire over the next 30 years. This represents 95% of all properties in Lake City.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Lake City has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Lake City is most at risk from tornadoes. 3,477 properties in Lake City have some risk of being in a severe wind event within the next 30 years.