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LAKEFIELD, MN 56150

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

Market Analysis

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

The LAKEFIELD, MN real estate market (56150) currently shows 7 active listings, with 3 pending sales. Homes are averaging 91 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 91 days on market compared to 142 days last year.

The median listing price has fallen 17.5% year-over-year, from $130,000 to $107,250.

Whether you are buying or selling in LAKEFIELD, 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: 2,815  ·  Density: 6.2/mi²  ·  Median household income: $62,396

Typical home value: $125,840  ·  Homeownership: 85.1%

Market Overview

Active Listings
7
⇩ 46.2% vs 13 last year
Pending
3
43% pending ratio
Median Price
$107,250
⇩ 17.5% vs $130,000 last year
Average Price
$163,000
⇩ 11.1% vs $183,309 last year
Days on Market
91
⇩ 35.9% vs 142 days last year

Price Per Square Foot

Median $/sqft
$73
⇩ 35.4% vs $113/sqft last year
Median Home Size
1,709 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 7 this year vs 13 last year
  • Days on market: 91 now vs 142 last year

Median & Average Pricing

Year over Year
  • Median: $107,250 (-17.5% YoY)
  • Average: $163,000 (-11.1% 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 26.3 miles — 222 listings ($125,847,666 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56150Lakefield, MN 561500.0 mi8$1,402,832$157,000$175,354
56143Jackson, MN 5614310.3 mi28$6,951,980$188,750$248,285
56119Brewster, MN 5611913.8 mi3$601,626$197,375$200,542
51360Spirit Lake, IA 5136015.1 mi53$59,028,008$526,000$1,113,736
56111Alpha, MN 5611116.6 mi2$798,000$399,000$399,000
56101Windom, MN 5610117.6 mi37$9,247,854$277,450$249,942
56187Worthington, MN 5618718.6 mi37$11,843,626$300,875$320,098
51351Milford, IA 5135122.0 mi20$26,812,520$732,250$1,340,626
56171Sherburn, MN 5617122.8 mi10$2,197,500$144,000$219,750
56131Fulda, MN 5613123.9 mi15$4,857,270$285,000$323,818
56117Bigelow, MN 5611724.9 mi2$514,000$257,000$257,000
56165Reading, MN 5616525.6 mi1$279,500$279,500$279,500
56176Trimont, MN 5617626.3 mi6$1,312,950$167,400$218,825

Frequently Asked Questions

How many homes are for sale in LAKEFIELD, MN 56150?

As of March 2026, there are 7 active listings in LAKEFIELD, MN (zip code 56150), compared to 13 the prior year.

What is the median home price in LAKEFIELD, MN 56150?

The median listing price in LAKEFIELD, MN 56150 is $107,250 as of March 2026, a 17.5% decrease from $130,000 the prior year.

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

Homes in LAKEFIELD, MN 56150 spend an average of 91 days on the market before going under contract, compared to 142 days the prior year.

Is it a seller's or buyer's market in LAKEFIELD, MN 56150?

Based on current inventory and days-on-market data as of March 2026, LAKEFIELD, MN 56150 is currently a Seller's Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 91 days on market compared to 142 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LAKEFIELD, MN 56150 save an estimated $2,145 compared to a typical 5% commission on the median listing price of $107,250. 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.