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LESTER PRAIRIE, MN 55354

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

Market Analysis

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

The LESTER PRAIRIE, MN real estate market (55354) currently shows 3 active listings, with 1 pending sales. Homes are averaging 19 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 19 days on market compared to 7 days last year.

The median listing price has risen 18.7% year-over-year, from $299,000 to $355,000.

Whether you are buying or selling in LESTER PRAIRIE, 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: 3,184  ·  Density: 37.9/mi²  ·  Median household income: $92,241

Typical home value: $228,888  ·  Homeownership: 90.0%

Market Overview

Active Listings
3
⇩ 25% vs 4 last year
Pending
1
33% pending ratio
Median Price
$355,000
⇧ 18.7% vs $299,000 last year
Average Price
$421,950
⇧ 41.1% vs $299,000 last year
Days on Market
19
⇧ 171.4% vs 7 days last year

Price Per Square Foot

Median $/sqft
$145
vs $145/sqft last year
Median Home Size
2,855 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 4 last year
  • Days on market: 19 now vs 7 last year

Median & Average Pricing

Year over Year
  • Median: $355,000 (+18.7% YoY)
  • Average: $421,950 (+41.1% 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 19.8 miles — 190 listings ($84,226,672 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55354Lester Prairie, MN 553540.0 mi3$1,194,900$355,000$398,300
55395Winsted, MN 553955.0 mi8$3,178,144$307,450$397,268
55370Plato, MN 553707.3 mi2$450,000$225,000$225,000
55397Young America, MN 553978.1 mi10$3,484,200$359,900$348,420
55388Watertown, MN 5538811.8 mi30$13,791,030$421,900$459,701
55349Howard Lake, MN 5534912.3 mi7$3,265,780$390,650$466,540
55363Montrose, MN 5536313.4 mi28$10,499,720$394,924$374,990
55387Waconia, MN 5538714.4 mi55$29,400,525$533,700$534,555
55338Green Isle, MN 5533815.3 mi8$2,621,432$339,900$327,679
55322Cologne, MN 5532216.0 mi17$8,231,723$440,900$484,219
55375Saint Bonifacius, MN 5537516.6 mi1$399,900$399,900$399,900
55325Dassel, MN 5532518.4 mi11$5,169,538$457,400$469,958
55307Arlington, MN 5530719.8 mi10$2,539,780$224,000$253,978

Frequently Asked Questions

How many homes are for sale in LESTER PRAIRIE, MN 55354?

As of March 2026, there are 3 active listings in LESTER PRAIRIE, MN (zip code 55354), compared to 4 the prior year.

What is the median home price in LESTER PRAIRIE, MN 55354?

The median listing price in LESTER PRAIRIE, MN 55354 is $355,000 as of March 2026, a 18.7% increase from $299,000 the prior year.

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

Homes in LESTER PRAIRIE, MN 55354 spend an average of 19 days on the market before going under contract, compared to 7 days the prior year.

Is it a seller's or buyer's market in LESTER PRAIRIE, MN 55354?

Based on current inventory and days-on-market data as of March 2026, LESTER PRAIRIE, MN 55354 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 19 days on market compared to 7 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LESTER PRAIRIE, MN 55354 save an estimated $7,100 compared to a typical 5% commission on the median listing price of $355,000. 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.