Lake Shore Housing Market Report January 2025•Cass County, Minnesota

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Housing Prices in Lake Shore, MN

How much do homes in Lake Shore, MN cost?

Housing Market Conditions

Is Lake Shore, MN a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Lake Shore is a Seller's Market

Difference Since January 2024

At the same time last year, Lake Shore was a Neutral Market.

Insight

Lake Shore is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$740,000$333/SqFt
-$30,000
-3.9%

Based on all homes sold in the last 12 months

Insight

Homes in Lake Shore have sold for 3.9% less than they did a year ago.

Summary: The median home sold price in Lake Shore was $740,000 in January 2025, down 3.9% from last year, and the median price per square foot was $333.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Lake Shore
-3.9%
Nisswa
-5.6%
Pequot Lakes
-8.5%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$321.2K-
N/A
2$745K$609K
-18.3%
3$575K$620K
+7.8%
4$770K$740K
-3.9%
5$1.5M$2.5M
+63.9%

Summary: Lake Shore 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 decreased by -18.3%. The home price for 3 bedroom homes increased by +7.8%. The home price for 4 bedroom homes decreased by -3.9%. The home price for 5 bedroom homes increased by +63.9%.

Housing supply in Lake Shore, MN

How many homes are available in Lake Shore, MN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
14Last MonthJan 2025
122 months agoDec 2024
+16.7 %
Change MoMDec – Jan

Summary: The Lake Shore real estate market had 14 homes for sale in Jan 2025, a 16.7 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
3Last MonthJan 2025
12 months agoDec 2024
+200.0 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
100
0.0%
222
0.0%
345
+25.0%
433
0.0%
534
+33.3%

Summary: Lake Shore 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 remained the same. The inventory for 3 bedroom homes increased by +25.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +33.3%.

Asking Price vs. Sold Price

How much do homes in Lake Shore, MN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price2 Homes

Under Asking Price1 Home

Insight

If you're buying a home in Lake Shore, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Lake Shore in January 2025, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and and 0% were sold over asking.

Days on Market for Lake Shore, MN

How long does it take to sell a home in Lake Shore, MN?

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days0 Home

Over 90 Days1 Home

Insight

Many homes in Lake Shore are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 3 homes were sold in Lake Shore; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
36 DaysThis YearJan 2025
38 Days1 year agoJan 2024
-5.3 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Lake Shore had an average listing age of 36 days in Jan 2025, down by 5.3% compared to the previous year.

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Newest Listings in Lake Shore, MN

What homes are available in Lake Shore, MN?

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Last updated on: 3/1/2025, 12:22:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.