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LAKEFIELD, MN 56150

Real Estate Market Report  ·  Jackson County
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The LAKEFIELD, MN real estate market (56150) currently shows 8 active listings, with 4 pending sales. Homes are averaging 135 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 taking longer to sell, averaging 135 days on market compared to 50 days last year.

The median listing price has risen 14.7% year-over-year, from $169,425 to $194,250.

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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
8
⇩ 42.9% vs 14 last year
Pending
4
50% pending ratio
Median Price
$194,250
⇧ 14.7% vs $169,425 last year
Average Price
$189,778
⇩ 14.3% vs $221,337 last year
Days on Market
135
⇧ 170% vs 50 days last year

Price Per Square Foot

Median $/sqft
$105
⇧ 1.9% vs $103/sqft last year
Median Home Size
1,730 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 8 this year vs 14 last year
  • Days on market: 135 now vs 50 last year

Median & Average Pricing

Year over Year
  • Median: $194,250 (+14.7% YoY)
  • Average: $189,778 (-14.3% 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 September 2026, there are 8 active listings in LAKEFIELD, MN (zip code 56150), compared to 14 the prior year.

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

The median listing price in LAKEFIELD, MN 56150 is $194,250 as of September 2026, a 14.7% increase from $169,425 the prior year.

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

Homes in LAKEFIELD, MN 56150 spend an average of 135 days on the market before going under contract, compared to 50 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 September 2026, LAKEFIELD, MN 56150 is currently a Balanced Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 135 days on market compared to 50 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 $3,885 compared to a typical 5% commission on the median listing price of $194,250. 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.