Dave Lilja's Localized Market Report
Lake County, MN
Single-Family Homes
THINK. Home & Land | 612-810-8779 | dog28@me.com
Lake County, MN
Sat Oct 31 2026
This week the median list price for Lake County, MN is $389,950 with the market action index hovering around 28. This is an increase over last month's market action index of 26. Inventory has decreased to 56.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer's market to a Seller's market.
Real-Time Market Profile
| Median List Price | $389,950 | |
| Median Price of New Listings | $300,000 | |
| Per Square Foot | $270 | |
| Average Days on Market | 165 | |
| Median Days on Market | 105 | |
| Price Decreased | 38% | |
| Price Increased | 0% | |
| Relisted | 9% | |
| Inventory | 56 | |
| Median Rent | ||
| Market Action | 28 | |
| Slight Buyer's Advantage | ||
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.
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 |
|---|---|---|---|---|---|---|---|---|
| $750,000 | 2,210 | 2.5 - 5 acres | 3 | 2.5 | 19 | 0 | 3 | 122 |
| $502,450 | 1,534 | 5 - 10 acres | 3 | 2 | 25 | 0 | 1 | 115 |
| $297,500 | 1,092 | 2.5 - 5 acres | 3 | 1.5 | 47 | 1 | 0 | 45 |
| $179,950 | 1,062 | 0.5 - 1 acre | 2 | 1.5 | 72 | 0 | 0 | 143 |