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County Overview

Lake County, Minnesota

Aggregate real estate market report across county ZIPs
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
123
⇧ 23% vs 100 last year
Pending
29
24% pending ratio
Median Price
$276,797
⇩ 9.7% vs $306,410 last year
Average Price
$378,647
⇩ 22.7% vs $490,096 last year
Days on Market
108.6
⇧ 14.2% vs 95 days last year

Market Analysis

Data as of January 2026. Source: Realtor.com.

The Lake County, Minnesota real estate market currently shows 123 active listings, with 29 pending sales. Homes are averaging 108.6 days on the market before going under contract.

Inventory has increased compared to last year, with 23 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 108.6 days on market compared to 95.1 days last year.

The median listing price has fallen 9.7% year-over-year, from $306,410 to $276,797.

Whether you are buying or selling in Lake County, Minnesota, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Included Areas

Beaver Bay: 55601

Ely: 55731

Finland: 55603

Isabella: 55607

Knife River: 55609

Silver Bay: 55614

Two Harbors: 55616

Winton: 55796

Market Context

ZIP coverage: 8  ·  Population: 16,024  ·  Median household income: $69,402

Typical home value: $199,241  ·  Homeownership rate: 80.1%

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings