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LAKELAND, MN 55043

Real Estate Market Report  ·  Washington County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The LAKELAND, MN real estate market (55043) currently shows 3 active listings, with 2 pending sales. Homes are averaging 80 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 80 days on market compared to 18 days last year.

The median listing price has fallen 50% year-over-year, from $700,000 to $349,900.

Whether you are buying or selling in LAKELAND, MN, 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: 3,540  ·  Density: 363.2/mi²  ·  Median household income: $96,886

Typical home value: $342,217  ·  Homeownership: 87.3%

Market Overview

Active Listings
3
⇩ 50% vs 6 last year
Pending
2
67% pending ratio
Median Price
$349,900
⇩ 50% vs $700,000 last year
Average Price
$349,900
⇩ 56.5% vs $804,580 last year
Days on Market
80
⇧ 344.4% vs 18 days last year

Price Per Square Foot

Median $/sqft
$271
⇧ 12.9% vs $240/sqft last year
Median Home Size
1,400 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 6 last year
  • Days on market: 80 now vs 18 last year

Median & Average Pricing

Year over Year
  • Median: $349,900 (-50% YoY)
  • Average: $349,900 (-56.5% 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 15.2 miles — 685 listings ($376,697,678 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55043Lakeland, MN 550430.0 mi4$1,379,600$344,900$344,900
54016Hudson, WI 540164.6 mi97$83,276,731$727,400$858,523
55042Lake Elmo, MN 550427.3 mi63$53,289,117$690,000$845,859
55125Saint Paul, MN 551258.7 mi82$31,755,074$331,250$387,257
55082Stillwater, MN 550829.9 mi81$67,874,760$579,750$837,960
54022River Falls, WI 5402210.1 mi73$36,556,210$444,388$500,770
55119Saint Paul, MN 5511911.6 mi84$28,239,708$299,950$336,187
55090Willernie, MN 5509012.1 mi1$349,900$349,900$349,900
55115Saint Paul, MN 5511512.4 mi23$19,322,553$772,475$840,111
55106Saint Paul, MN 5510613.6 mi115$29,321,665$257,400$254,971
55071Saint Paul Park, MN 5507113.8 mi8$2,262,920$306,250$282,865
54025Somerset, WI 5402514.4 mi28$15,201,424$443,675$542,908
55107Saint Paul, MN 5510715.2 mi26$7,868,016$265,725$302,616

Frequently Asked Questions

How many homes are for sale in LAKELAND, MN 55043?

As of March 2026, there are 3 active listings in LAKELAND, MN (zip code 55043), compared to 6 the prior year.

What is the median home price in LAKELAND, MN 55043?

The median listing price in LAKELAND, MN 55043 is $349,900 as of March 2026, a 50% decrease from $700,000 the prior year.

How long do homes stay on the market in LAKELAND, MN?

Homes in LAKELAND, MN 55043 spend an average of 80 days on the market before going under contract, compared to 18 days the prior year.

Is it a seller's or buyer's market in LAKELAND, MN 55043?

Based on current inventory and days-on-market data as of March 2026, LAKELAND, MN 55043 is currently a Balanced Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 80 days on market compared to 18 days last year.

How much can I save on real estate commission in LAKELAND, MN?

With SELL123.com's maximum 3% commission, sellers in LAKELAND, MN 55043 save an estimated $6,998 compared to a typical 5% commission on the median listing price of $349,900. 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.