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LAKE LILLIAN, MN 56253

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The LAKE LILLIAN, MN real estate market (56253) currently shows 3 active listings, with 1 pending sales. Homes are averaging 112 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 112 days on market compared to 93 days last year.

The median listing price has fallen 47.5% year-over-year, from $409,500 to $215,000.

Whether you are buying or selling in LAKE LILLIAN, 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: 833  ·  Density: 3.0/mi²  ·  Median household income: $71,071

Typical home value: $194,987  ·  Homeownership: 88.7%

Market Overview

Active Listings
3
vs 3 last year
Pending
1
33% pending ratio
Median Price
$215,000
⇩ 47.5% vs $409,500 last year
Average Price
$215,000
⇩ 47.5% vs $409,500 last year
Days on Market
112
⇧ 20.4% vs 93 days last year

Price Per Square Foot

Median $/sqft
$129
⇩ 67.4% vs $396/sqft last year
Median Home Size
1,837 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 112 now vs 93 last year

Median & Average Pricing

Year over Year
  • Median: $215,000 (-47.5% YoY)
  • Average: $215,000 (-47.5% 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 28.2 miles — 70 listings ($33,216,030 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56253Lake Lillian, MN 562530.0 mi3$657,501$217,500$219,167
56228Cosmos, MN 5622810.0 mi2$198,000$99,000$99,000
56251Kandiyohi, MN 5625112.4 mi1$164,000$164,000$164,000
55310Bird Island, MN 5531014.3 mi4$670,600$181,150$167,650
56230Danube, MN 5623015.7 mi1$340,000$340,000$340,000
56243Grove City, MN 5624317.2 mi2$292,816$146,408$146,408
55355Litchfield, MN 5535519.0 mi20$5,971,480$299,900$298,574
56288Spicer, MN 5628819.6 mi19$19,423,415$716,500$1,022,285
56279Pennock, MN 5627922.7 mi2$765,000$382,500$382,500
56222Clara City, MN 5622223.7 mi4$1,173,000$262,500$293,250
55385Stewart, MN 5538524.5 mi1$176,200$176,200$176,200
56252Kerkhoven, MN 5625225.5 mi5$1,547,250$309,450$309,450
55329Eden Valley, MN 5532928.2 mi6$1,836,768$265,750$306,128

Frequently Asked Questions

How many homes are for sale in LAKE LILLIAN, MN 56253?

As of March 2026, there are 3 active listings in LAKE LILLIAN, MN (zip code 56253), compared to 3 the prior year.

What is the median home price in LAKE LILLIAN, MN 56253?

The median listing price in LAKE LILLIAN, MN 56253 is $215,000 as of March 2026, a 47.5% decrease from $409,500 the prior year.

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

Homes in LAKE LILLIAN, MN 56253 spend an average of 112 days on the market before going under contract, compared to 93 days the prior year.

Is it a seller's or buyer's market in LAKE LILLIAN, MN 56253?

Based on current inventory and days-on-market data as of March 2026, LAKE LILLIAN, MN 56253 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 112 days on market compared to 93 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LAKE LILLIAN, MN 56253 save an estimated $4,300 compared to a typical 5% commission on the median listing price of $215,000. 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.