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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 HOMES

Average 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

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