Lakefield, MN Housing Market

The Lakefield housing market is somewhat competitive. The median sale price of a home in Lakefield was $408K last month, up 333.8% since last year. The median sale price per square foot in Lakefield is $212, up 381.8% since last year.

Trends
Demand
Migration
Schools
Climate

Lakefield Housing Market Trends

What is the housing market like in Lakefield today?

$408K

Sale Price

+333.8%
since last year

$212

Sale $/Sq. Ft.

+381.8%
since last year

Under List Price

1.8%

Days on Market

Down Payment

—

Total Homes Sold

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

How hot is the Lakefield housing market?

Lakefield is somewhat competitive. Homes sell in 48 days.

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 48 days.
Hot homes
can sell for around list price and go pending in around 19 days.

Compare With Nearby Cities

Spirit Lake

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 53 days.
Hot homes
can sell for around list price and go pending in around 36 days.

Okoboji

100

Not Very Competitive

Multiple offers are rare.
The average homes sell for about 2% below list price and go pending in around 77 days.
Hot homes
can sell for around list price and go pending in around 26 days.

See more nearby cities and neighborhoods

Lakefield 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 Lakefield that sold recently

Recently sold homes

SOLD JUN 9, 2025
$55,000
—beds
—baths
1,373 sq ft
81552 460th Ave, Lakefield, MN 56150
List Price
—
Sale to List
—
Days on Market
—
81552 460th Ave, Lakefield, MN 56150
SOLD MAY 16, 2025
$374,000 Last Sold Price
6 beds
2 baths
2,224 sq ft
77328 380th Ave, Lakefield, MN 56150
List Price
$395,000
Sale to List
5% under list
Days on Market
112 days
77328 380th Ave, Lakefield, MN 56150
SOLD MAY 9, 2025
$407,800 Last Sold Price
3 beds
2 baths
—sq ft
904 Funk Ave, Lakefield, MN 56150
List Price
$415,000
Sale to List
2% under list
Days on Market
168 days
904 Funk Ave, Lakefield, MN 56150
SOLD APR 17, 2025
$20,000
—beds
—baths
—sq ft
102 S Highway 86, Lakefield, MN 56150
List Price
—
Sale to List
—
Days on Market
—
102 S Highway 86, Lakefield, MN 56150
SOLD APR 16, 2025
$147,500 Last Sold Price
3 beds
3 baths
—sq ft
412 Plum St, Lakefield, MN 56150
List Price
$154,900
Sale to List
5% under list
Days on Market
137 days
412 Plum St, Lakefield, MN 56150
SOLD APR 10, 2025
$220,000 Last Sold Price
3 beds
1 bath
—sq ft
605 Funk Ave, Lakefield, MN 56150
List Price
$215,000
Sale to List
2% over list
Days on Market
31 days
605 Funk Ave, Lakefield, MN 56150
SOLD APR 4, 2025
$78,000 Last Sold Price
1 bed
1 bath
—sq ft
405 4th Ave N, Lakefield, MN 56150
List Price
$85,000
Sale to List
8% under list
Days on Market
56 days
405 4th Ave N, Lakefield, MN 56150
SOLD MAR 14, 2025
$170,000 Last Sold Price
3 beds
2 baths
—sq ft
109 S Griffin St, Lakefield, MN 56150
List Price
$182,500
Sale to List
7% under list
Days on Market
111 days
109 S Griffin St, Lakefield, MN 56150
See all recently sold homes in Lakefield.
See listings

Schools in Lakefield

Learn about schools in the Lakefield area

Elementary
Middle
High

GreatSchools Rating

5/10

Pleasantview Elementary School

Public • PreK-5

156

Students

N/A

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 Lakefield housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Lakefield.

Wind Factor - Minor

100% of properties are at minor risk of a severe wind event over the next 30 years

Heat Factor - Minor

99% of properties are at minor risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for Lakefield

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