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Detroit Lakes Market Report

$431,544

AVERAGE PRICE OF 269 HOMES

$1,875,568

AVERAGE PRICE OF 28 MULTI-MILLION DOLLAR HOMES

$197,026

AVERAGE PRICE OF 32 NEWLY BUILT HOMES

$938,700

AVERAGE PRICE OF 8 HOMES WITH A POOL

$1,014,500

AVERAGE PRICE OF 4 REDUCED PRICE HOMES

Average Home

Average Price $431,544
Avg Bedrooms 1.6 beds
Avg Bathrooms 1.18 baths

Average Price by Bedrooms

1 bedroom $239,450
2 bedrooms $338,518
3 bedrooms $542,495
4 bedrooms $967,293
5 bedrooms $822,709
Detroit Lakes Home Price Trends
  6/2024 5/2024 4/2024 3/2024 2/2024
Total Listings 269 261 250 59 39
Average Price $425,559 $387,778 $362,323 $437,773 $314,741
Avg Price Change +9.74% +7.03% -20.82% +39.09% -0.19%
Median Price $238,717 $211,086 $190,515 $318,179 $250,000
Med Price Change +13.09% +10.80% -67.01% +27.27% 0.00%
Avg Bedrooms 1.65 beds 1.55 beds 1.46 beds 1.83 beds 1.11 beds
Avg Bathrooms 1.18 baths 1.08 baths 1.03 baths 1.21 baths .74 bath
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Detroit Lakes 7 $382,200 66 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 269 $431,544 82 days
Multi-Million Dollar Homes 28 $1,875,568 73 days
Newly Built Homes 32 $197,026 103 days
Homes with a Pool 8 $938,700 75 days
Reduced Price Homes 4 $1,014,500 64 days