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DETROIT LAKES, MN 56501

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

Market Analysis

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

The DETROIT LAKES, MN real estate market (56501) currently shows 108 active listings, with 27 pending sales. Homes are averaging 49 days on the market before going under contract.

Inventory has increased compared to last year, with 24 more homes available — giving buyers more choice.

Homes are selling faster, averaging 49 days on market compared to 55 days last year.

The median listing price has risen 2.7% year-over-year, from $448,450 to $460,500.

Whether you are buying or selling in DETROIT LAKES, 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: 18,085  ·  Density: 37.4/mi²  ·  Median household income: $68,413

Typical home value: $275,520  ·  Homeownership: 72.5%

Market Overview

Active Listings
108
⇧ 28.6% vs 84 last year
Pending
27
25% pending ratio
Median Price
$460,500
⇧ 2.7% vs $448,450 last year
Average Price
$638,749
⇧ 5.2% vs $606,907 last year
Days on Market
49
⇩ 10.9% vs 55 days last year

Price Per Square Foot

Median $/sqft
$246
⇧ 17.1% vs $210/sqft last year
Median Home Size
1,924 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 108 this year vs 84 last year
  • Days on market: 49 now vs 55 last year

Median & Average Pricing

Year over Year
  • Median: $460,500 (+2.7% YoY)
  • Average: $638,749 (+5.2% 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 33.8 miles — 181 listings ($104,887,892 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56501Detroit Lakes, MN 565010.0 mi83$49,518,049$451,975$596,603
56578Rochert, MN 5657810.0 mi2$999,500$499,750$499,750
56544Frazee, MN 5654411.9 mi11$4,267,791$359,761$387,981
56554Lake Park, MN 5655414.2 mi8$3,659,960$505,500$457,495
56573Perham, MN 5657320.0 mi29$29,169,795$367,750$1,005,855
56528Dent, MN 5652821.2 mi7$3,111,920$499,900$444,560
56575Ponsford, MN 5657523.1 mi2$854,000$427,000$427,000
56589Waubun, MN 5658924.2 mi8$2,383,520$234,750$297,940
56585Ulen, MN 5658526.4 mi2$1,597,000$798,500$798,500
56567New York Mills, MN 5656729.4 mi11$3,199,207$264,900$290,837
56571Ottertail, MN 5657130.6 mi15$5,498,250$353,500$366,550
56584Twin Valley, MN 5658433.4 mi2$449,900$224,950$224,950
56533Elizabeth, MN 5653333.8 mi1$179,000$179,000$179,000

Frequently Asked Questions

How many homes are for sale in DETROIT LAKES, MN 56501?

As of March 2026, there are 108 active listings in DETROIT LAKES, MN (zip code 56501), compared to 84 the prior year.

What is the median home price in DETROIT LAKES, MN 56501?

The median listing price in DETROIT LAKES, MN 56501 is $460,500 as of March 2026, a 2.7% increase from $448,450 the prior year.

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

Homes in DETROIT LAKES, MN 56501 spend an average of 49 days on the market before going under contract, compared to 55 days the prior year.

Is it a seller's or buyer's market in DETROIT LAKES, MN 56501?

Based on current inventory and days-on-market data as of March 2026, DETROIT LAKES, MN 56501 is currently a Balanced Market. Inventory has increased compared to last year, with 24 more homes available — giving buyers more choice. Homes are selling faster, averaging 49 days on market compared to 55 days last year.

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

With SELL123.com's maximum 3% commission, sellers in DETROIT LAKES, MN 56501 save an estimated $9,210 compared to a typical 5% commission on the median listing price of $460,500. 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.