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LAKE PARK, IA 51347

Real Estate Market Report  ·  Dickinson County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The LAKE PARK, IA real estate market (51347) currently shows 8 active listings, with 2 pending sales. Homes are averaging 145 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 145 days on market compared to 100 days last year.

The median listing price has fallen 14% year-over-year, from $370,000 to $318,275.

Whether you are buying or selling in LAKE PARK, IA, 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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Market Context

Market Context

Population: 1,621  ·  Density: 7.7/mi²  ·  Median household income: $79,150

Typical home value: $154,824  ·  Homeownership: 91.4%

Market Overview

Active Listings
8
⇧ 14.3% vs 7 last year
Pending
2
25% pending ratio
Median Price
$318,275
⇩ 14% vs $370,000 last year
Average Price
$416,920
⇧ 13.2% vs $368,300 last year
Days on Market
145
⇧ 45% vs 100 days last year

Price Per Square Foot

Median $/sqft
$160
⇩ 14.4% vs $187/sqft last year
Median Home Size
1,457 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 8 this year vs 7 last year
  • Days on market: 145 now vs 100 last year

Median & Average Pricing

Year over Year
  • Median: $318,275 (-14% YoY)
  • Average: $416,920 (+13.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 28.1 miles — 223 listings ($144,757,551 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
51347Lake Park, IA 513470.0 mi8$3,020,000$347,700$377,500
51355Okoboji, IA 513559.0 mi71$39,760,781$269,000$560,011
51351Milford, IA 513519.9 mi20$26,812,520$732,250$1,340,626
51360Spirit Lake, IA 5136011.5 mi53$59,028,008$526,000$1,113,736
51338Everly, IA 5133815.1 mi3$345,000$115,000$115,000
51346Hartley, IA 5134618.1 mi7$1,147,160$160,000$163,880
56161Okabena, MN 5616119.4 mi2$365,000$182,500$182,500
56117Bigelow, MN 5611719.9 mi2$514,000$257,000$257,000
56143Jackson, MN 5614320.7 mi28$6,951,980$188,750$248,285
56119Brewster, MN 5611921.2 mi3$601,626$197,375$200,542
51334Estherville, IA 5133425.5 mi21$5,488,476$233,750$261,356
51232Ashton, IA 5123226.7 mi1$159,000$159,000$159,000
51245Primghar, IA 5124528.1 mi4$564,000$134,500$141,000

Frequently Asked Questions

How many homes are for sale in LAKE PARK, IA 51347?

As of March 2026, there are 8 active listings in LAKE PARK, IA (zip code 51347), compared to 7 the prior year.

What is the median home price in LAKE PARK, IA 51347?

The median listing price in LAKE PARK, IA 51347 is $318,275 as of March 2026, a 14% decrease from $370,000 the prior year.

How long do homes stay on the market in LAKE PARK, IA?

Homes in LAKE PARK, IA 51347 spend an average of 145 days on the market before going under contract, compared to 100 days the prior year.

Is it a seller's or buyer's market in LAKE PARK, IA 51347?

Based on current inventory and days-on-market data as of March 2026, LAKE PARK, IA 51347 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 145 days on market compared to 100 days last year.

How much can I save on real estate commission in LAKE PARK, IA?

With SELL123.com's maximum 3% commission, sellers in LAKE PARK, IA 51347 save an estimated $6,366 compared to a typical 5% commission on the median listing price of $318,275. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.