Detroit Lakes, MN Home Values & Market Trends
Real estate market trends reflect that there have been 420 transactions over the past year in Detroit Lakes. The median value for residential home transactions that occurred over the previous year is $417,308. The number of current listings in Detroit Lakes is 396, and the percentage of properties for sale in the city is 396.00%. Detroit Lakes, MN currently has 8 properties in foreclosure, 0 bank owned properties, 8 properties headed for auction, and 396 properties for sale.
Detroit Lakes, MN Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 56501 | $ 417,308 $ 269/sqft |
Housing Market Summary for Detroit Lakes, MN
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $398.9K | $419.9K | 5.26% |
| Median Sold Price | $290.4K | $411.9K | 41.86% |
| Homes For Sale | 286 | 392 | 37.06% |
| Homes Sold | 240 | 177 | -26.25% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Detroit Lakes, MN
Browse Homes in Detroit Lakes, MN
Detroit Lakes home values range from $50,458 to $5,600,000. The median estimated value of a home in Detroit Lakes is $417,308. The median list price of a home is 419,950, and the total count of properties in the city is 597.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Detroit Lakes, MN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Detroit Lakes, MN; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Detroit Lakes, MN ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Detroit Lakes, MN. There is 1 zips within Detroit Lakes, MN; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions56501 has 8 auction properties, the highest number of properties going to auction in a single zip in the state of Detroit Lakes, MN. Auction homes and other auction properties account for 1.34% of all properties in Detroit Lakes, MN. There is 1 zips within Detroit Lakes, MN; of that zips, the median estimated home value for homes going to auction ranges from $343,489 in 56501 to the lowest value of $253,905 in 56501.
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Guide for Detroit Lakes, MN
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
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