Housing Prices in Lake No. 1, MN

How much do homes in Lake No. 1, MN cost?

Median List Price

$586,950

$396/sqft

Based on all homes listed in November 2024.

Difference Since Last Month

-$12,050(-2.0%)

Key Takeaway

The list price of homes in Lake No. 1 has decreased by 2% since October.

Summary: The median home list price in Lake No. 1 was $586,950 in November 2024, down 2% from the previous month, and the median price per square foot was $396.

Median List Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $586.9K$574.9K
-2.1%
3 $650K$650K
0.0%
4 --
N/A
5+ --
N/A

Summary: Lake No. 1 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.1%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median List Price Compared To Nearby Cities

Finland
+4.1%
Schroeder
0.0%
Schroeder Township
0.0%
Lake No. 1
-2.0%
Isabella
-11.6%

Housing Supply in Lake No. 1, MN

How many homes are available in Lake No. 1, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
56+20.0%

Summary: The Lake No. 1 real estate market had 6 homes for sale in November 2024, a 20.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 11
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Lake No. 1 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Days on Market for Lake No. 1, MN

How long does it take to sell a home in Lake No. 1, MN?

Average Listing Age

Oct 2024Nov 2024CHANGE
64 Days77 Days+19.5%

Summary: Homes in Lake No. 1 had an average listing age of 77 days in Nov 2024, up by 19.5% compared to the previous month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Lake No. 1, MN

Nearby Markets to Lake No. 1, MN

What housing markets are near Lake No. 1, MN?