Detroit Lakes Market Report
$461,691
AVERAGE PRICE OF 30 HOMES$1,399,000
AVERAGE PRICE OF 1 MULTI-MILLION DOLLAR HOMES$398,688
AVERAGE PRICE OF 9 NEWLY BUILT HOMES$587,000
AVERAGE PRICE OF 2 HOMES WITH A POOL$399,000
AVERAGE PRICE OF 1 REDUCED PRICE HOMESAverage Home
| Average Price | $461,691 |
| Avg Bedrooms | 3.17 beds |
| Avg Bathrooms | 2.33 baths |
Average Price by Bedrooms
| 2 bedrooms | $313,560 |
| 3 bedrooms | $481,373 |
| 4 bedrooms | $506,235 |
Detroit Lakes Home Price Trends
| 7/2022 | 6/2022 | 5/2022 | 4/2022 | 3/2022 | |
|---|---|---|---|---|---|
| Total Listings | 31 | n/a | n/a | n/a | 13 |
| Average Price | $465,054 | n/a | n/a | n/a | $495,655 |
| Avg Price Change | n/a | n/a | n/a | n/a | +10.66% |
| Median Price | $429,900 | n/a | n/a | n/a | $397,766 |
| Med Price Change | n/a | n/a | n/a | n/a | +6.68% |
| Avg Bedrooms | 3.22 beds | n/a | n/a | n/a | 3.08 beds |
| Avg Bathrooms | 2.33 baths | n/a | n/a | n/a | 2.56 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Detroit Lakes | 28 | $420,598 | 54 days |
| Lake Park-Audubon | 1 | $675,000 | 67 days |
| Pelican Rapids | 1 | $1,399,000 | 46 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 30 | $461,691 | 54 days |
| Multi-Million Dollar Homes | 1 | $1,399,000 | 46 days |
| Newly Built Homes | 9 | $398,688 | 61 days |
| Homes with a Pool | 2 | $587,000 | 64 days |
| Reduced Price Homes | 1 | $399,000 | 68 days |
