The Lake City housing market is not very competitive. The median sale price of a home in Lake City was $305K last month, up 150.0% since last year. The median sale price per square foot in Lake City is $156, up 41.8% since last year.
What is the housing market like in Lake City today?
In May 2025, Lake City home prices were up 150.0% compared to last year, selling for a median price of $305K. On average, homes in Lake City sell after 18 days on the market compared to 25 days last year. There were 11 homes sold in May this year, up from 1 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$305,000
+150.0% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Lake City, MN
$305,000
+150.0%
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 not very competitive. Homes sell in 26 days.
0
100
24
Not 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
Multiple offers are rare.
The average homes sell for about 3% below list price and go pending in around 26 days.
Hot homes
can sell for around list price and go pending in around 8 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
11% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lake City has a minor risk of flooding. 233 properties in Lake City are likely to be
severely affected
by flooding over the next 30 years. This represents 11% 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 3,310 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.