#6118131, Deanna Bennett, Listing Office: Messina & Associates Real Estate
Lake County Housing Market Report February 2025•Lake County, Minnesota
Housing Prices in Lake County, MN
How much do homes in Lake County, MN cost?
Housing Market Conditions
Is Lake County, MN a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Lake County is a Seller's Market
Difference Since January 2025
Last month, Lake County has remained a Seller's Market.
Lake County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
Based on all homes sold in February 2025
Homes in Lake County have sold for 116.7% more than they did a month ago.
Summary: The median home sold price in Lake County was $487,500 in February 2025, up 116.7% from last month, and the median price per square foot was $178.
Median Sold Price By Counties
City | Jan 2025 | Feb 2025 | Change MoM |
---|---|---|---|
Lake County | $225K | $487.5K | +116.7% |
Saint Louis County | $212K | $230K | +8.5% |
Cook County | $449K | $250K | -44.3% |
Median Sold Price By Bedrooms
Beds | Jan 2025 | Feb 2025 | Change MoM |
---|---|---|---|
11 Bedroom | $150K | $118K | -21.3% |
22 Bedrooms | $210K | $175K | -16.7% |
33 Bedrooms | $365K | $332.5K | -8.9% |
44 Bedrooms | $302K | $3.6M | +1100.3% |
55+ Bedrooms | - | $636.1K | N/A |
Summary: Lake County housing price by bedroom type for February 2025, compared to the previous month. The home price for 1 bedroom homes decreased by -21.3%. The home price for 2 bedroom homes decreased by -16.7%. The home price for 3 bedroom homes decreased by -8.9%. The home price for 4 bedroom homes increased by +1100.3%. The home price for 5 bedroom homes did not change.
How does Lake County, MN compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Lake County, MN
Housing supply in Lake County, MN
How many homes are available in Lake County, MN?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
44Last MonthFeb 2025 | ||
522 months agoJan 2025 | -15.4 % Change MoMJan – Feb |
Summary: The Lake County real estate market had 44 homes for sale in Feb 2025, a 15.4 % decrease compared to Jan 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
11Last MonthFeb 2025 | ||
132 months agoJan 2025 | -15.4 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
Beds | Jan 2025 | Feb 2025 | Change MoM |
---|---|---|---|
55+ Bedrooms | 4 | 4 | 0.0% |
11 Bedroom | 2 | 3 | +50.0% |
22 Bedrooms | 16 | 11 | -31.3% |
33 Bedrooms | 18 | 18 | 0.0% |
44 Bedrooms | 12 | 8 | -33.3% |
Summary: Lake County housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 5 bedroom homes remained the same. The inventory for 1 bedroom homes increased by +50.0%. The inventory for 2 bedroom homes decreased by -31.3%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes decreased by -33.3%.
Asking Price vs. Sold Price
How much do homes in Lake County, MN cost?
Over Asking Price0 Home
At Asking Price2 Homes
Under Asking Price8 Homes
If you're buying a home in Lake County, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Lake County in February 2025, down by 15.4% month-over-month. Of the 10 sold homes, 80% were sold under asking, 20% were sold at asking, and and 0% were sold over asking.
Days on Market for Lake County, MN
How long does it take to sell a home in Lake County, MN?
Breakdown of Home Sale Times
Under 30 Days4 Homes
30 – 90 Days3 Homes
Over 90 Days4 Homes
Many homes in Lake County are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 11 homes were sold in Lake County; 36% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
Average Sale Time
Last Month | 1 month ago | Change MoM |
---|---|---|
99 DaysLast MonthFeb 2025 | ||
60 Days1 month agoJan 2025 | +64.6 % Change MoMJan – Feb |
Summary: Homes in Lake County had an average listing age of 99 days in Feb 2025, up by 64.6% compared to the previous month.
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Newest Listings in Lake County, MN
What homes are available in Lake County, MN?
Nearby markets
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MLS Disclaimers and Copyright
Based on information from Lake Superior Area MLS, and NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc. for the period 01/01/2025 - 03/01/2025
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 7:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.


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DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 7:22:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.