Active Listings
8
⇩ 11.1% vs 9 last year
Population: 2,698 · Density: 9.0/mi² · Median household income: $86,607
Typical home value: $284,447 · Homeownership: 92.9%
Data as of January 2026. Source: Realtor.com.
The LAKE PARK, MN real estate market (56554) currently shows 8 active listings. Homes are averaging 87 days on the market before going under contract.
Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 87 days on market compared to 84 days last year.
The median listing price has risen 29.7% year-over-year, from $384,675 to $499,000.
Whether you are buying or selling in LAKE PARK, 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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 56554 | Lake Park, MN 56554 | 0.0 mi | 8 | $3,489,024 | $499,000 | $436,128 |
| 56549 | Hawley, MN 56549 | 9.6 mi | 13 | $6,715,735 | $524,676 | $516,595 |
| 56501 | Detroit Lakes, MN 56501 | 14.2 mi | 72 | $39,295,440 | $415,000 | $545,770 |
| 56569 | Ogema, MN 56569 | 19.2 mi | 2 | $621,934 | $389,000 | $310,967 |
| 56547 | Glyndon, MN 56547 | 20.6 mi | 16 | $6,349,728 | $417,400 | $396,858 |
| 56578 | Rochert, MN 56578 | 21.9 mi | 1 | $450,000 | $450,000 | $450,000 |
| 56536 | Felton, MN 56536 | 22.6 mi | 0 | $0 | $115,000 | $115,000 |
| 56580 | Sabin, MN 56580 | 25.5 mi | 4 | $2,229,800 | $557,450 | $557,450 |
| 56544 | Frazee, MN 56544 | 26.0 mi | 13 | $4,917,887 | $364,523 | $378,299 |
| 56589 | Waubun, MN 56589 | 27.6 mi | 8 | $2,254,000 | $190,000 | $281,750 |
| 56534 | Erhard, MN 56534 | 29.5 mi | 5 | $2,749,250 | $612,450 | $549,850 |
| 56579 | Rothsay, MN 56579 | 30.7 mi | 3 | $597,000 | $199,000 | $199,000 |
| 56557 | Mahnomen, MN 56557 | 33.1 mi | 6 | $986,298 | $159,900 | $164,383 |
As of January 2026, there are 8 active listings in LAKE PARK, MN (zip code 56554), compared to 9 the prior year.
The median listing price in LAKE PARK, MN 56554 is $499,000 as of January 2026, a 29.7% increase from $384,675 the prior year.
Homes in LAKE PARK, MN 56554 spend an average of 87 days on the market before going under contract, compared to 84 days the prior year.
Based on current inventory and days-on-market data as of January 2026, LAKE PARK, MN 56554 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 87 days on market compared to 84 days last year.
With SELL123.com's maximum 3% commission, sellers in LAKE PARK, MN 56554 save an estimated $9,980 compared to a typical 5% commission on the median listing price of $499,000. 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.