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MOUNTAIN LAKE, MN 56159

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

Market Analysis

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

The MOUNTAIN LAKE, MN real estate market (56159) currently shows 9 active listings, with 2 pending sales. Homes are averaging 164 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 164 days on market compared to 190 days last year.

The median listing price has fallen 26% year-over-year, from $202,500 to $149,900.

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 Context

Market Context

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

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

Market Overview

Active Listings
9
⇩ 30.8% vs 13 last year
Pending
2
22% pending ratio
Median Price
$149,900
⇩ 26% vs $202,500 last year
Average Price
$137,400
⇩ 34.7% vs $210,475 last year
Days on Market
164
⇩ 13.7% vs 190 days last year

Price Per Square Foot

Median $/sqft
$93
⇩ 12.3% vs $106/sqft last year
Median Home Size
1,467 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 9 this year vs 13 last year
  • Days on market: 164 now vs 190 last year

Median & Average Pricing

Year over Year
  • Median: $149,900 (-26% YoY)
  • Average: $137,400 (-34.7% 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 26.9 miles — 106 listings ($22,497,676 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56159Mountain Lake, MN 561590.0 mi10$1,382,100$148,675$138,210
56120Butterfield, MN 561207.3 mi6$1,070,700$186,000$178,450
56101Windom, MN 5610111.0 mi37$9,247,854$277,450$249,942
56145Jeffers, MN 5614514.1 mi1$120,000$120,000$120,000
56176Trimont, MN 5617615.2 mi6$1,312,950$167,400$218,825
56087Springfield, MN 5608720.6 mi8$1,235,504$103,950$154,438
56137Heron Lake, MN 5613720.8 mi4$578,168$171,225$144,542
56111Alpha, MN 5611121.1 mi2$798,000$399,000$399,000
56181Welcome, MN 5618124.3 mi6$2,087,682$322,250$347,947
56183Westbrook, MN 5618325.0 mi9$1,252,386$112,750$139,154
56150Lakefield, MN 5615025.4 mi8$1,402,832$157,000$175,354
56152Lamberton, MN 5615225.7 mi4$635,000$180,000$158,750
56062Madelia, MN 5606226.9 mi5$1,374,500$309,900$274,900

Frequently Asked Questions

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

As of March 2026, there are 9 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 $149,900 as of March 2026, a 26% decrease from $202,500 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 164 days on the market before going under contract, compared to 190 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 March 2026, MOUNTAIN LAKE, MN 56159 is currently a Seller's Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 164 days on market compared to 190 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 $2,998 compared to a typical 5% commission on the median listing price of $149,900. 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.