Detroit Lakes Market Report
$456,866
AVERAGE PRICE OF 346 HOMES$2,126,300
AVERAGE PRICE OF 30 MULTI-MILLION DOLLAR HOMES$249,558
AVERAGE PRICE OF 51 NEWLY BUILT HOMES$429,022
AVERAGE PRICE OF 9 HOMES WITH A POOL$669,076
AVERAGE PRICE OF 17 REDUCED PRICE HOMESAverage Home
Average Price | $456,866 |
Avg Bedrooms | 1.73 beds |
Avg Bathrooms | 1.26 baths |
Average Price by Bedrooms
1 bedroom | $407,600 |
2 bedrooms | $457,444 |
3 bedrooms | $529,980 |
4 bedrooms | $843,615 |
5 bedrooms | $959,000 |
Detroit Lakes Home Price Trends
5/2025 | 4/2025 | 3/2025 | 2/2025 | 1/2025 | |
---|---|---|---|---|---|
Total Listings | 316 | 264 | 233 | 216 | 177 |
Average Price | $431,100 | $376,626 | $323,705 | $273,684 | $298,535 |
Avg Price Change | +14.46% | +16.35% | +18.28% | -9.08% | -1.21% |
Median Price | $225,399 | $153,564 | $148,865 | $128,884 | $133,472 |
Med Price Change | +46.78% | +3.16% | +15.50% | -3.56% | -15.38% |
Avg Bedrooms | 1.61 beds | 1.37 beds | 1.21 beds | 1.07 beds | 1.28 beds |
Avg Bathrooms | 1.16 baths | .99 bath | .86 bath | .74 bath | .89 bath |
Home Price by High School
School Name | Total Homes | Average Price | Avg Days on Site |
---|---|---|---|
Detroit Lakes | 12 | $461,675 | 118 days |
Total Homes | Average Price | Avg Days on Site | |
---|---|---|---|
All Homes | 346 | $456,866 | 138 days |
Multi-Million Dollar Homes | 30 | $2,126,300 | 97 days |
Newly Built Homes | 51 | $249,558 | 160 days |
Homes with a Pool | 9 | $429,022 | 88 days |
Reduced Price Homes | 17 | $669,076 | 44 days |