Lake City, MN
Housing market overview · Updated weekly
$298,900median sale price
Homes sold
5
Last 12 weeks
Days on market
75
Average pace
Active listings
15
3.0 months supply
Sale-to-list
96.3%
Below asking
The Lake City housing market is currently classified as a balanced market with a median sale price of $298,900. Prices have risen 43.0% compared to last year, with homes spending an average of 75 days on market, indicating 3.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Lake City
There are currently 15 homes listed for sale in Lake City, Minnesota. The median listing price is $350K.
Active listings
15
Homes on market
Median list price
$350K
Avg. days on market
75
Days until sale
New this week
3
Newly listed
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Frequently asked questions
What is the average home price in Lake City?
The median home sale price in Lake City is $298,900, up 43.0% from last year.
How long do homes stay on market in Lake City?
Homes typically spend 75 days on market before going under contract.
Is Lake City a buyer's or seller's market?
With 3.0 months of supply, Lake City is currently a balanced market.
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