New - 3 hours on Rocket
$1,661 Closing Credit¹
#6678153, Listing Office: North Border Realty
Lake of the Woods County Housing Market Report February 2025•Lake of the Woods County, Minnesota
Housing Prices in Lake of the Woods County, MN
How much do homes in Lake of the Woods County, MN cost?
Housing Market Conditions
Is Lake of the Woods County, MN a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Lake of the Woods County is a Buyer's Market
Difference Since February 2024
Since last year, Lake of the Woods County has remained a Buyer's Market.
Insight
Lake of the Woods County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$200,075$163/SqFt
+$5,075
+2.6%
Based on all homes sold in the last 12 months
Insight
Homes in Lake of the Woods County have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Lake of the Woods County was $200,075 in February 2025, up 2.6% from last year, and the median price per square foot was $163.
Median Sold Price By Counties
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| Beltrami County | $253K | $282.5K | +11.7% |
| Roseau County | $189.9K | $195K | +2.7% |
| Lake of the Woods County | $195K | $200K | +2.6% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $90K | $180K | +100.0% |
| 22 Bedrooms | $174.5K | $165.5K | -5.2% |
| 33 Bedrooms | $195K | $224.9K | +15.4% |
| 44 Bedrooms | $309.5K | $312.5K | +1.0% |
| 55+ Bedrooms | $275K | $517K | +88.0% |
Summary: Lake of the Woods County housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +100.0%. The home price for 2 bedroom homes decreased by -5.2%. The home price for 3 bedroom homes increased by +15.4%. The home price for 4 bedroom homes increased by +1.0%. The home price for 5 bedroom homes increased by +88.0%.
Housing supply in Lake of the Woods County, MN
How many homes are available in Lake of the Woods County, MN?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 26Last MonthFeb 2025 | ||
| 252 months agoJan 2025 | +4.0 % Change MoMJan – Feb |
Summary: The Lake of the Woods County real estate market had 26 homes for sale in Feb 2025, a 4.0 % increase compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 3Last MonthFeb 2025 | ||
| 02 months agoJan 2025 | +100.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 2 | 2 | 0.0% |
| 22 Bedrooms | 8 | 8 | 0.0% |
| 33 Bedrooms | 6 | 6 | 0.0% |
| 44 Bedrooms | 5 | 6 | +20.0% |
| 55+ Bedrooms | 4 | 4 | 0.0% |
Summary: Lake of the Woods County housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +20.0%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Lake of the Woods County, MN cost?
Over Asking Price1 Home
At Asking Price0 Home
Under Asking Price2 Homes
Insight
If you're buying a home in Lake of the Woods County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Lake of the Woods County in February 2025, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and and 33% were sold over asking.
Days on Market for Lake of the Woods County, MN
How long does it take to sell a home in Lake of the Woods County, MN?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days1 Home
Over 90 Days2 Homes
Insight
Most homes in Lake of the Woods County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During February 2025, 3 homes were sold in Lake of the Woods County; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 117 DaysThis YearFeb 2025 | ||
| 153 Days1 year agoFeb 2024 | -23.3 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Lake of the Woods County had an average listing age of 117 days in Feb 2025, down by 23.3% compared to the previous year.
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Newest Listings in Lake of the Woods County, MN
What homes are available in Lake of the Woods County, MN?
New - 2 days on Rocket
$1,661 Closing Credit¹
#6678124, Listing Office: North Border Realty
New - 2 days on Rocket
$4,976 Closing Credit¹
#6678105, Listing Office: Reed Realty
New - 5 days on Rocket
#6676312, Listing Office: Reed Realty
#6674633, Listing Office: Tru North Baudette
#6674517, Listing Office: Island View Realty
$4,156 Closing Credit¹
#6672482, Listing Office: Carlson Realty Services LLC
#6651451, Listing Office: North Border Realty
$1,722 Closing Credit¹
#6648148, Listing Office: Reed Realty
#6644596, Listing Office: Reed Realty
$6,401 Closing Credit¹
#6643282, Listing Office: Move it Real Estate Group/Lake
#6643927, Listing Office: Reed Realty
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Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc., and Fargo Moorhead MLS for the period 03/01/2023 - 03/01/2025
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/3/2025, 4:22:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the RMLS. Real estate listings other than this broker are marked with the Broker Reciprocity logo and the view of detailed information about them includes the name of the listing broker. Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All property listing data is Copyright 2001-2025 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS® RMLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/1/2024, 10:10:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/1/2024, 10:10:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.