New - 5 days on Rocket
#6657560, Listing Office: eXp Realty (219 WF)
Lake Park Housing Market Report January 2025•Becker County, Minnesota
Housing Prices in Lake Park, MN
How much do homes in Lake Park, MN cost?
Housing Market Conditions
Is Lake Park, MN a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Lake Park is a Buyer's Market
Difference Since January 2024
At the same time last year, Lake Park was a Seller's Market.
Insight
Lake Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$452,500$222/SqFt
+$176,800
+64.1%
Based on all homes sold in the last 12 months
Insight
Homes in Lake Park have sold for 64.1% more than they did a year ago.
Summary: The median home sold price in Lake Park was $452,500 in January 2025, up 64.1% from last year, and the median price per square foot was $222.
Median Sold Price By City
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Lake Park Township | $275.7K | $452.5K | +64.1% |
| Lake Park | $275.7K | $452.5K | +64.1% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | $311K | N/A |
| 22 Bedrooms | $230K | $261.1K | +13.5% |
| 33 Bedrooms | $290K | $420K | +44.8% |
| 44 Bedrooms | $233.2K | $472K | +102.4% |
| 55+ Bedrooms | $395K | $715K | +81.0% |
Summary: Lake Park housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +13.5%. The home price for 3 bedroom homes increased by +44.8%. The home price for 4 bedroom homes increased by +102.4%. The home price for 5 bedroom homes increased by +81.0%.
Housing supply in Lake Park, MN
How many homes are available in Lake Park, MN?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 17Last MonthJan 2025 | ||
| 172 months agoDec 2024 | 0.0 % Change MoMDec – Jan |
Summary: The Lake Park real estate market had 17 homes for sale in Jan 2025, the same as Dec 2024
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 2Last MonthJan 2025 | ||
| 32 months agoDec 2024 | -33.3 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 4 | 5 | +25.0% |
| 33 Bedrooms | 6 | 4 | -33.3% |
| 44 Bedrooms | 7 | 8 | +14.3% |
| 55+ Bedrooms | 0 | 0 | 0.0% |
Summary: Lake Park housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +25.0%. The inventory for 3 bedroom homes decreased by -33.3%. The inventory for 4 bedroom homes increased by +14.3%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Lake Park, MN cost?
Over Asking Price0 Home
At Asking Price0 Home
Under Asking Price2 Homes
Insight
If you're buying a home in Lake Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Lake Park in January 2025, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.
Days on Market for Lake Park, MN
How long does it take to sell a home in Lake Park, MN?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days2 Homes
Over 90 Days0 Home
Insight
Avg time on Rocket Homes in Lake Park has remained consistent over time.
Summary: During January 2025, 2 homes were sold in Lake Park; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 70 DaysThis YearJan 2025 | ||
| 107 Days1 year agoJan 2024 | -34.4 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Lake Park had an average listing age of 70 days in Jan 2025, down by 34.4% compared to the previous year.
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Newest Listings in Lake Park, MN
What homes are available in Lake Park, MN?
$4,986 Closing Credit¹
#6654549, Listing Office: Sky Lodge Properties MN, LLC.
$1,543 Closing Credit¹
#6652668, Listing Office: Action Realty of Detroit Lakes
$2,957 Closing Credit¹
#6648739, Listing Office: KW Inspire Realty
$4,382 Closing Credit¹
#6628464, Listing Office: Dakota Plains Realty
$7,588 Closing Credit¹
#6616673, Scott Breidenbach, Listing Office: Beyond Realty
$6,638 Closing Credit¹
#6609301, Listing Office: Jack Chivers Realty
$10,000 Closing Credit¹
#6615897, Listing Office: Cormorant Realty
$8,906 Closing Credit¹
#6614472, Matt Zimmerman, Listing Office: REAL (3961 WF)
#6596447, Eric D. Christians, Listing Office: eXp Realty (219 WF)
$3,977 Closing Credit¹
#6571529, Listing Office: eXp Realty
$1,069 Closing Credit¹
#6575986, Rochelle Roesler, MBA, Listing Office: Century 21 FM Realty
Nearby markets
Nearby markets aren't available for Lake Park, MN
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MLS Disclaimers and Copyright
Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc., and Fargo Moorhead MLS for the period 02/01/2023 - 02/01/2025
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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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DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/10/2025, 11:52:50 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.