Housing Prices in Lake No. 1, MN

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

Median List Price

$599,000

$364/sqft

Based on all homes listed in October 2024.

Difference Since Last Month

-$51,000(-7.8%)

Key Takeaway

The list price of homes in Lake No. 1 has decreased by 7.8% since September.

Summary: The median home list price in Lake No. 1 was $599,000 in October 2024, down 7.8% from the previous month, and the median price per square foot was $364.

Median List Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $749.5K$586.9K
-21.7%
3 $650K$650K
0.0%
4 --
N/A
5+ --
N/A

Summary: Lake No. 1 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.7%, 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

Isabella
+26.4%
Schroeder
0.0%
Schroeder Township
0.0%
Lake No. 1
-7.8%
Finland
-11.9%

Housing Supply in Lake No. 1, MN

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
35+66.7%

Summary: The Lake No. 1 real estate market had 5 homes for sale in October 2024, a 66.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 11
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Lake No. 1 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 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

Sep 2024Oct 2024CHANGE
63 Days60 Days-4.1%

Summary: Homes in Lake No. 1 had an average listing age of 60 days in Oct 2024, down by 4.1% compared to the previous month.

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

Report Updated 4 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?