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Featured local agent — Lester Prairie, MN
Sarah Mitchell
Compass Real Estate · Lester Prairie, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lester Prairie, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$271,950median sale price
How is the Lester Prairie, MN housing market right now?
The median home sale price in Lester Prairie, MN is $271,950, down 2.0% year-over-year. Homes sell in an average of 18 days with 5 active listings. The market is currently a seller's 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 Lester Prairie a buyer's or seller's market?
Lester Prairie, MN is currently a seller's market, based on 2.5 months of supply and homes selling in about 18 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
18
Fast-moving
Active listings
5
2.5 months supply
Sale-to-list
100.0%
Above asking
What does the Lester Prairie housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $271,950 |
| Median list price | $324,900 |
| Year-over-year price change | -2.0% |
| Average days on market | 18 days |
| Active inventory | 5 listings |
| Months of supply | 2.5 months |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $151/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 5 |
| Listings with a price cut | 20.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lester Prairie by property type?
How the Lester Prairie, 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 | $271,950 | $151/sq ft | 2 | 18 days |
| Townhouse | $229,000 | $171/sq ft | 1 | 43 days |
Source: Redfin · Updated monthly
The Lester Prairie housing market is currently classified as a seller's market with a median sale price of $271,950. Prices have fallen 2.0% compared to last year, with homes spending an average of 18 days on market, indicating 2.5 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 3.8x provides context for how home values compare to local earning capacity.
Homes for sale in Lester Prairie
There are currently 5 homes listed for sale in Lester Prairie, Minnesota. The median listing price is $325K.
Active listings
5
Homes on market
Median list price
$325K
Avg. days on market
18
Days until sale
New this week
5
Newly listed
Who lives in Lester Prairie?
Population
1,848
Median income
$87,188/yr
Median age
36.1 years
Owner-occupied
85.8%
College grads
15.8%
Avg commute
31.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Lester Prairie?
Zillow home value
$330,452
Price-to-income
3.8x
Source: Zillow Research
What is it like to live in Lester Prairie?
Lester Prairie is a community of approximately 2K residents with a median age of 36.1 years.The median household income is $87,188, which reflects a relatively affluent area with strong earning potential. 15.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 85.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 31.2 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Lester Prairie offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lester Prairie?
2 schools tracked · 459 students
The largest public schools serving Lester Prairie, 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.
LESTER PRAIRIE SECONDARY
Grades 7-12 · 242 students
LESTER PRAIRIE ELEMENTARY
Grades PK-6 · 217 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 Lester Prairie, MN?
Want a head-to-head view? Compare Lester Prairie side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lester Prairie?
The median home sale price in Lester Prairie is $271,950, down 2.0% from last year.
How long do homes stay on market in Lester Prairie?
Homes typically spend 18 days on market before going under contract.
What is the median income in Lester Prairie?
The median household income is $87,188 per year.
Is Lester Prairie a buyer's or seller's market?
With 2.5 months of supply, Lester Prairie is currently a seller's market.
What is the Zillow home value estimate for Lester Prairie?
The Zillow Home Value Index (ZHVI) for Lester Prairie is $330,452, representing the typical home value in the area.
How much does a single-family home cost in Lester Prairie?
The median single-family home price in Lester Prairie, MN is $271,950 (about $151 per square foot).
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