Data as of September 2026. Source: Realtor.com.
The LAKE PARK, MN real estate market (56554) currently shows 18 active listings, with 3 pending sales. Homes are averaging 37 days on the market before going under contract.
Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.
Homes are selling faster, averaging 37 days on market compared to 58 days last year.
The median listing price has fallen 11% year-over-year, from $562,000 to $499,900.
Population: 2,698 · Density: 9.0/mi² · Median household income: $86,607
Typical home value: $284,447 · Homeownership: 92.9%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 56554 | Lake Park, MN 56554 | 0.0 mi | 8 | $3,659,960 | $505,500 | $457,495 |
| 56549 | Hawley, MN 56549 | 9.6 mi | 15 | $7,608,075 | $499,900 | $507,205 |
| 56501 | Detroit Lakes, MN 56501 | 14.2 mi | 83 | $49,518,049 | $451,975 | $596,603 |
| 56569 | Ogema, MN 56569 | 19.2 mi | 4 | $1,475,884 | $391,500 | $368,971 |
| 56547 | Glyndon, MN 56547 | 20.6 mi | 16 | $6,517,456 | $401,175 | $407,341 |
| 56578 | Rochert, MN 56578 | 21.9 mi | 2 | $999,500 | $499,750 | $499,750 |
| 56584 | Twin Valley, MN 56584 | 24.6 mi | 2 | $449,900 | $224,950 | $224,950 |
| 56519 | Borup, MN 56519 | 25.9 mi | 2 | $330,000 | $165,000 | $165,000 |
| 56529 | Dilworth, MN 56529 | 27.5 mi | 17 | $5,867,720 | $344,900 | $345,160 |
| 56528 | Dent, MN 56528 | 28.4 mi | 7 | $3,111,920 | $499,900 | $444,560 |
| 56560 | Moorhead, MN 56560 | 29.5 mi | 174 | $57,479,682 | $316,150 | $330,343 |
| 56573 | Perham, MN 56573 | 32.6 mi | 29 | $29,169,795 | $367,750 | $1,005,855 |
| 56533 | Elizabeth, MN 56533 | 33.2 mi | 1 | $179,000 | $179,000 | $179,000 |
As of September 2026, there are 18 active listings in LAKE PARK, MN (zip code 56554), compared to 24 the prior year.
The median listing price in LAKE PARK, MN 56554 is $499,900 as of September 2026, a 11% decrease from $562,000 the prior year.
Homes in LAKE PARK, MN 56554 spend an average of 37 days on the market before going under contract, compared to 58 days the prior year.
Based on current inventory and days-on-market data as of September 2026, LAKE PARK, MN 56554 is currently a Seller's Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 37 days on market compared to 58 days last year.
With SELL123.com's maximum 3% commission, sellers in LAKE PARK, MN 56554 save an estimated $9,998 compared to a typical 5% commission on the median listing price of $499,900. 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.