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MOUNTAIN LAKE, MN 56159

Real Estate Market Report  ·  Cottonwood County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
7
⇩ 46.2% vs 13 last year
Pending
1
14% pending ratio
Median Price
$149,999
⇩ 38.1% vs $242,475 last year
Average Price
$174,660
⇩ 29.8% vs $248,865 last year
Days on Market
154
⇧ 11.6% vs 138 days last year

Market Context

Population: 2,595  ·  Density: 7.9/mi²  ·  Median household income: $61,328

Typical home value: $131,980  ·  Homeownership: 76.3%

Market Analysis

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

The MOUNTAIN LAKE, MN real estate market (56159) currently shows 7 active listings, with 1 pending sales. Homes are averaging 154 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 154 days on market compared to 138 days last year.

The median listing price has fallen 38.1% year-over-year, from $242,475 to $149,999.

Whether you are buying or selling in MOUNTAIN LAKE, 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 7 this year vs 13 last year
  • Days on market: 154 now vs 138 last year

Median & Average Pricing

Year over Year
  • Median: $149,999 (-38.1% YoY)
  • Average: $174,660 (-29.8% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 28.5 miles — 134 listings ($29,471,107 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56159Mountain Lake, MN 561590.0 mi7$1,222,620$149,999$174,660
56022Darfur, MN 560228.9 mi0$0$159,000$159,000
56101Windom, MN 5610111.0 mi37$9,278,379$277,450$250,767
56162Ormsby, MN 5616215.2 mi1$48,500$48,500$48,500
56081Saint James, MN 5608115.6 mi34$7,365,012$194,250$216,618
56083Sanborn, MN 5608320.7 mi1$350,000$350,000$350,000
56171Sherburn, MN 5617120.9 mi10$1,661,330$159,000$166,133
56143Jackson, MN 5614322.1 mi21$5,270,664$199,900$250,984
56183Westbrook, MN 5618325.0 mi9$1,478,700$141,500$164,300
56150Lakefield, MN 5615025.4 mi6$976,302$143,450$162,717
56152Lamberton, MN 5615225.7 mi2$365,000$182,500$182,500
56062Madelia, MN 5606226.9 mi4$1,064,600$309,900$266,150
56127Dunnell, MN 5612728.5 mi2$390,000$195,000$195,000

Frequently Asked Questions

How many homes are for sale in MOUNTAIN LAKE, MN 56159?

As of January 2026, there are 7 active listings in MOUNTAIN LAKE, MN (zip code 56159), compared to 13 the prior year.

What is the median home price in MOUNTAIN LAKE, MN 56159?

The median listing price in MOUNTAIN LAKE, MN 56159 is $149,999 as of January 2026, a 38.1% decrease from $242,475 the prior year.

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

Homes in MOUNTAIN LAKE, MN 56159 spend an average of 154 days on the market before going under contract, compared to 138 days the prior year.

Is it a seller's or buyer's market in MOUNTAIN LAKE, MN 56159?

Based on current inventory and days-on-market data as of January 2026, MOUNTAIN LAKE, MN 56159 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 154 days on market compared to 138 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MOUNTAIN LAKE, MN 56159 save an estimated $3,000 compared to a typical 5% commission on the median listing price of $149,999. 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.