Lake City, MN Housing Market
The Lake City housing market is somewhat competitive. The median sale price of a home in Lake City was $247K last month, down 26.2% since last year. The median sale price per square foot in Lake City is $110, down 16.0% since last year.
Lake City Housing Market Trends
In April 2024, Lake City home prices were down 26.2% compared to last year, selling for a median price of $247K. On average, homes in Lake City sell after 17 days on the market compared to 86 days last year. There were 5 homes sold in April this year, up from 4 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Lake City housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
- Some homes get multiple offers.
- The average homes sell for about 3% below list price and go pending in around 21 days.
- Hot homescan sell for about 1% above list price and go pending in around 11 days.
Lake City Migration & Relocation Trends
Home offer insights for Lake City
Recent offers
View houses in Lake City that sold recently
Recently sold homes
- $85,000 Last Sold Price2 beds1 bath—sq ft201 S Franklin St #72, Lake City, MN 55041List Price$85,000Sale to List0% over listDays on Market34 days201 S Franklin St #72, Lake City, MN 55041
- $289,000 Last Sold Price1 bed1 bath—sq ft100 Central Point Rd #203, Lake City, MN 55041List Price$289,000Sale to List0% over listDays on Market41 days100 Central Point Rd #203, Lake City, MN 55041
- $280,000 Last Sold Price2 beds2 baths—sq ft1022 N Garden St, Lake City, MN 55041List Price$289,900Sale to List3% under listDays on Market49 days1022 N Garden St, Lake City, MN 55041
- $87,500 Last Sold Price—beds—baths—sq ftTBD 292nd Ave, Lake City, MN 55041List Price$85,000Sale to List3% over listDays on Market35 daysTBD 292nd Ave, Lake City, MN 55041
- $21,500 Last Sold Price—beds—baths—sq ft524 Cottonwood Cir, Lake City, MN 55041List Price$23,500Sale to List9% under listDays on Market823 days524 Cottonwood Cir, Lake City, MN 55041
- $23,450—beds—baths—sq ft585 Cedar Dr, Lake City, MN 55041List Price—Sale to List—Days on Market—585 Cedar Dr, Lake City, MN 55041
- $814,018 Last Sold Price—beds—baths—sq ftXXXX 340th St, Florence Twp, MN 55041List Price$1Sale to List81,401,700% over listDays on Market77 daysXXXX 340th St, Florence Twp, MN 55041
- $23,900 Last Sold Price—beds—baths—sq ft2563 Clubhouse Dr, Lake City, MN 55041List Price$23,900Sale to List0% over listDays on Market416 days2563 Clubhouse Dr, Lake City, MN 55041
See all recently sold homes in Lake City.
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Schools in Lake City
- Elementary
- Middle
- High
GreatSchools Rating
6/10 Bluff View Elementary School Public • PreK-6 | 579 Students | 5 reviews |
Climate's impact on Lake City housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Lake City.
Flood Factor - Moderate
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Minimal
Wind Factor
Heat Factor - Minor
Heat Factor
Transportation in Lake City
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