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 20 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?