Call or Text (240) SELL-123

LANESBORO, MN 55949

Real Estate Market Report  ·  Fillmore County
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The LANESBORO, MN real estate market (55949) currently shows 6 active listings, with 2 pending sales. Homes are averaging 68 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 selling faster, averaging 68 days on market compared to 76 days last year.

The median listing price has fallen 3.2% year-over-year, from $310,000 to $299,950.

Whether you are buying or selling in LANESBORO, 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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for LANESBORO, MN 55949 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 1,929  ·  Density: 6.5/mi²  ·  Median household income: $77,426

Typical home value: $235,524  ·  Homeownership: 82.1%

Market Overview

Active Listings
6
⇩ 14.3% vs 7 last year
Pending
2
33% pending ratio
Median Price
$299,950
⇩ 3.2% vs $310,000 last year
Average Price
$437,030
⇩ 3.7% vs $453,750 last year
Days on Market
68
⇩ 10.5% vs 76 days last year

Price Per Square Foot

Median $/sqft
$164
⇩ 25.8% vs $221/sqft last year
Median Home Size
2,436 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 6 this year vs 7 last year
  • Days on market: 68 now vs 76 last year

Median & Average Pricing

Year over Year
  • Median: $299,950 (-3.2% YoY)
  • Average: $437,030 (-3.7% 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 28.6 miles — 199 listings ($84,812,300 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55949Lanesboro, MN 559490.0 mi6$2,215,740$226,500$369,290
55935Fountain, MN 559359.7 mi1$175,000$175,000$175,000
55965Preston, MN 5596511.2 mi4$2,018,452$504,613$504,613
55954Mabel, MN 5595412.8 mi9$1,911,240$210,000$212,360
55923Chatfield, MN 5592315.4 mi14$8,229,816$499,500$587,844
55952Lewiston, MN 5595216.8 mi7$2,041,620$299,950$291,660
55943Houston, MN 5594318.6 mi4$1,454,600$363,650$363,650
55929Dover, MN 5592921.0 mi2$900,000$450,000$450,000
55987Winona, MN 5598724.3 mi52$26,316,940$279,950$506,095
52136Cresco, IA 5213625.1 mi12$3,420,120$279,900$285,010
55934Eyota, MN 5593425.9 mi17$6,025,174$314,900$354,422
55925Dakota, MN 5592527.3 mi3$2,961,126$744,975$987,042
55904Rochester, MN 5590428.6 mi68$27,142,472$378,950$399,154

Frequently Asked Questions

How many homes are for sale in LANESBORO, MN 55949?

As of March 2026, there are 6 active listings in LANESBORO, MN (zip code 55949), compared to 7 the prior year.

What is the median home price in LANESBORO, MN 55949?

The median listing price in LANESBORO, MN 55949 is $299,950 as of March 2026, a 3.2% decrease from $310,000 the prior year.

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

Homes in LANESBORO, MN 55949 spend an average of 68 days on the market before going under contract, compared to 76 days the prior year.

Is it a seller's or buyer's market in LANESBORO, MN 55949?

Based on current inventory and days-on-market data as of March 2026, LANESBORO, MN 55949 is currently a Seller's Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 68 days on market compared to 76 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LANESBORO, MN 55949 save an estimated $5,999 compared to a typical 5% commission on the median listing price of $299,950. 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.