Is Lakefield, MN 56150 a buyer’s or seller’s market?
Lakefield is a seller’s market. With about 3.8 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply3.8Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list95.2%Sold price ÷ list price
Median days on market51Listing to accepted offer
Median price per sq ft$98▲ +44.8% vs. last year
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Nearby markets
Alpha 56111 $140 /sq ftHeron Lake 56137Buyer’s market $141 /sq ftJackson 56143Buyer’s market $67 /sq ftOkabena 56161Balanced $153 /sq ft Browse all markets →Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology