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Featured local agent — Lanesboro, MN
Sarah Mitchell
Compass Real Estate · Lanesboro, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lanesboro, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$200,000median sale price
How is the Lanesboro, MN housing market right now?
The median home sale price in Lanesboro, MN is $200,000, down 29.8% year-over-year. Homes sell in an average of 2 days with 4 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lanesboro a buyer's or seller's market?
Lanesboro, MN is currently a balanced market, based on 4.0 months of supply and homes selling in about 2 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
2
Fast-moving
Active listings
4
4.0 months supply
Sale-to-list
95.2%
Below asking
What does the Lanesboro housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $200,000 |
| Median list price | $380,000 |
| Year-over-year price change | -29.8% |
| Average days on market | 2 days |
| Active inventory | 4 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 95.2% |
| Median price per sq ft | $171/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 1 |
| Listings with a price cut | 100.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Lanesboro by property type?
How the Lanesboro, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $200,000 | $171/sq ft | 1 | 2 days |
| Condo / Co-op | $345,000 | $239/sq ft | 1 | 17 days |
| Townhouse | $185,000 | $151/sq ft | 1 | 32 days |
Source: Redfin · Updated monthly
The Lanesboro housing market is currently classified as a balanced market with a median sale price of $200,000. Prices have fallen 29.8% compared to last year, with homes spending an average of 2 days on market, indicating 4.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.9x provides context for how home values compare to local earning capacity.
Homes for sale in Lanesboro
There are currently 4 homes listed for sale in Lanesboro, Minnesota. The median listing price is $380K.
Active listings
4
Homes on market
Median list price
$380K
Avg. days on market
2
Days until sale
New this week
1
Newly listed
Who lives in Lanesboro?
Population
804
Median income
$80,000/yr
Median age
47.1 years
Owner-occupied
71.7%
College grads
43.2%
Avg commute
21.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Lanesboro?
Zillow home value
$234,349
Price-to-income
2.9x
Source: Zillow Research
What is it like to live in Lanesboro?
Lanesboro is a community of approximately 1K residents with a median age of 47.1 years.The median household income is $80,000, which reflects a relatively affluent area with strong earning potential. 43.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 71.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 21.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lanesboro offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lanesboro?
2 schools tracked · 443 students
The largest public schools serving Lanesboro, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
LANESBORO ELEMENTARY
Grades PK-6 · 253 students
LANESBORO SECONDARY
Grades 7-12 · 190 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lanesboro, MN?
Want a head-to-head view? Compare Lanesboro side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lanesboro?
The median home sale price in Lanesboro is $200,000, down 29.8% from last year.
How long do homes stay on market in Lanesboro?
Homes typically spend 2 days on market before going under contract.
What is the median income in Lanesboro?
The median household income is $80,000 per year.
Is Lanesboro a buyer's or seller's market?
With 4.0 months of supply, Lanesboro is currently a balanced market.
What is the Zillow home value estimate for Lanesboro?
The Zillow Home Value Index (ZHVI) for Lanesboro is $234,349, representing the typical home value in the area.
What is the median condo price in Lanesboro?
The median condo/co-op sale price in Lanesboro, MN is $345,000, compared to $200,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lanesboro?
The median single-family home price in Lanesboro, MN is $200,000 (about $171 per square foot).
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