5 bedroom homes for sale in Lake City, MN

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Lake City, MN Real Estate Market Overview

In April 2025 in Lake City, MN there were 22% more homes for sale than in March 2025. In April 2025 median list price was $294,950 and the average listing age was 46 days. In April 2025 more than 0 listings in Lake City, MN were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 6 were sold below.
From Rocket Homes Real Estate and based on county public records data

What is it like to live in Lake City, MN

Lake City is located in Wabasha County, Minnesota. There are roughly 2,479 residents, living in 1,084 households. The average temperature for Lake City this time of the year is low of 46F and high of 70F. On average, Lake City gets about 3.7 inches of precipitation in May. Most residents are home owners (78%), have a high school diploma (50%) and are single, no kids (39%).

Data provided by Home Junction

Housing market reports in Wabasha County

Top real estate cities in Minnesota

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1The following offers are available only to clients who are purchasing a home and financing with Rocket Mortgage: (1) Client purchasing with a Rocket Homes Partner Agent through Rocket Homes will receive a lender paid credit that is 1.25% of their loan amount. For example, a $200,000 home purchase price minus a 5% down payment of $10,000 results in a loan amount of $190,000. Client would receive a credit of 1.25% of the $190,000, for a credit of $2,375 toward closing costs. (2) Client is referred by a real estate agent to buy a new home will receive a lender paid credit that is 0.50% of their loan amount. Offer does not apply to new loans submitted through an Executive Loan Officer, mortgage broker, through Schwab, or on nonagency jumbo loans, non-QM loans, bank statement loans, second lien products or team member loans. Offer may not be redeemed for cash and is nontransferable. Offer cannot be retroactively applied to loans where the rate has been locked. Conditions and exclusions apply. This is not a commitment to lend and is contingent on qualification per full underwriting guidelines.

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*Based on Rocket Mortgage data in comparison to public data records.

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