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LAKE PARK, MN 56554

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

Market Analysis

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

The LAKE PARK, MN real estate market (56554) currently shows 11 active listings, with 1 pending sales. Homes are averaging 68 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 68 days on market compared to 46 days last year.

The median listing price has risen 16.3% year-over-year, from $429,900 to $499,925.

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.

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Market Context

Market Context

Population: 2,698  ·  Density: 9.0/mi²  ·  Median household income: $86,607

Typical home value: $284,447  ·  Homeownership: 92.9%

Market Overview

Active Listings
11
vs 11 last year
Pending
1
9% pending ratio
Median Price
$499,925
⇧ 16.3% vs $429,900 last year
Average Price
$479,525
⇩ 31.3% vs $698,060 last year
Days on Market
68
⇧ 47.8% vs 46 days last year

Price Per Square Foot

Median $/sqft
$242
⇧ 19.2% vs $203/sqft last year
Median Home Size
1,800 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 68 now vs 46 last year

Median & Average Pricing

Year over Year
  • Median: $499,925 (+16.3% YoY)
  • Average: $479,525 (-31.3% 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 33.2 miles — 360 listings ($166,366,941 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56554Lake Park, MN 565540.0 mi8$3,659,960$505,500$457,495
56549Hawley, MN 565499.6 mi15$7,608,075$499,900$507,205
56501Detroit Lakes, MN 5650114.2 mi83$49,518,049$451,975$596,603
56569Ogema, MN 5656919.2 mi4$1,475,884$391,500$368,971
56547Glyndon, MN 5654720.6 mi16$6,517,456$401,175$407,341
56578Rochert, MN 5657821.9 mi2$999,500$499,750$499,750
56584Twin Valley, MN 5658424.6 mi2$449,900$224,950$224,950
56519Borup, MN 5651925.9 mi2$330,000$165,000$165,000
56529Dilworth, MN 5652927.5 mi17$5,867,720$344,900$345,160
56528Dent, MN 5652828.4 mi7$3,111,920$499,900$444,560
56560Moorhead, MN 5656029.5 mi174$57,479,682$316,150$330,343
56573Perham, MN 5657332.6 mi29$29,169,795$367,750$1,005,855
56533Elizabeth, MN 5653333.2 mi1$179,000$179,000$179,000

Frequently Asked Questions

How many homes are for sale in LAKE PARK, MN 56554?

As of March 2026, there are 11 active listings in LAKE PARK, MN (zip code 56554), compared to 11 the prior year.

What is the median home price in LAKE PARK, MN 56554?

The median listing price in LAKE PARK, MN 56554 is $499,925 as of March 2026, a 16.3% increase from $429,900 the prior year.

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

Homes in LAKE PARK, MN 56554 spend an average of 68 days on the market before going under contract, compared to 46 days the prior year.

Is it a seller's or buyer's market in LAKE PARK, MN 56554?

Based on current inventory and days-on-market data as of March 2026, LAKE PARK, MN 56554 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 68 days on market compared to 46 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LAKE PARK, MN 56554 save an estimated $9,999 compared to a typical 5% commission on the median listing price of $499,925. 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.