Dave Lilja's Localized Market Report
Lake County, MN
Single-Family Homes
Think Minnesota Realty | 612-810-8779 | dog28@me.com
Lake County, MN
Fri Sep 11 2026
This week the median list price for Lake County, MN is $449,000 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has increased to 57.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $449,000 | |
| Median Price of New Listings | $224,900 | |
| Per Square Foot | $276 | |
| Average Days on Market | 146 | |
| Median Days on Market | 84 | |
| Price Decreased | 33% | |
| Price Increased | 0% | |
| Relisted | 18% | |
| Inventory | 57 | |
| Median Rent | ||
| Market Action | 28 | |
| Slight Buyer's Advantage | ||
The market appears to be hovering around this plateau. This week prices eased down a bit. The Market Action Index is a good leading indicator for the durability of this shift.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $848,900 | 2,640 | 2.5 - 5 acres | 3 | 2.5 | 18 | 0 | 0 | 77 |
| $557,450 | 1,862 | 10 - 20 acres | 3 | 1.5 | 18 | 1 | 1 | 87 |
| $354,950 | 1,171 | 1 - 2.5 acres | 2 | 1.5 | 48 | 1 | 1 | 84 |
| $189,900 | 1,077 | 0.5 - 1 acre | 2 | 1 | 71 | 3 | 1 | 94 |