Lake City, MN Real Estate Market Summary – September 8, 2026
In Lake City, MN, the real estate market has seen a total of 10 properties change hands in the last 30 days. The average days on the market for these properties was approximately 17 days, reflecting a pace of 1 every 3 days for transactions.
| Metric | 30 Days |
|---|---|
| Number Sold | 10 |
| Sold Per Day | 1 every 3.00 days |
| Average SQFT | 1505 |
| Median Sales Price | $367,450 |
| Average Sales Price | $450,927 |
| Average Price Per SQFT | $346 |
| Average Days on Market | 17 |
| Average Year Built | 1993 |
Lake City, MN Single Family Home Analysis
Within the single-family home segment, 5 properties were sold, with an average selling price of $546,954. These homes had an average living area of about 1,898 square feet and spent around 17 days on the market before going under contract.
| Metric | 30 Days |
|---|---|
| Number Sold | 5 |
| Sold Per Day | 1 every 6.00 days |
| Average SQFT | 1898 |
| Median Sales Price | $513,970 |
| Average Sales Price | $546,954 |
| Average Price Per SQFT | $399 |
| Average Days on Market | 17 |
| Average Year Built | 1983 |
Lake City, MN Condo & Townhome Analysis
The condo and townhome sector also experienced 5 transactions, where the average sale price reached $354,900. These units averaged 1,191 square feet in size and had a median days on market of 18 days.
| Metric | 30 Days |
|---|---|
| Number Sold | 5 |
| Sold Per Day | 1 every 6.00 days |
| Average SQFT | 1191 |
| Median Sales Price | $300,000 |
| Average Sales Price | $354,900 |
| Average Price Per SQFT | $304 |
| Average Days on Market | 17 |
| Average Year Built | 2003 |
Buyer & Seller Analysis
- Properties changing hands at a pace of 1 every 3 days.
- Average days on market for sold properties was approximately 17 days.
- Single-family homes showed an average sale price of $546,954.
- Condos and townhomes averaged a sale price of $354,900.
- There is no access to current sale prices for homes still on the market.
Conclusion
Overall, Lake City’s real estate market is currently active, with a consistent number of transactions and a stable average days on market. Buyers and sellers alike can find opportunities in both single-family and condo/townhome segments.