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Ashley Christianson
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Detroit Lakes Market Report

$455,791

AVERAGE PRICE OF 346 HOMES

$2,127,133

AVERAGE PRICE OF 30 MULTI-MILLION DOLLAR HOMES

$246,103

AVERAGE PRICE OF 52 NEWLY BUILT HOMES

$438,020

AVERAGE PRICE OF 10 HOMES WITH A POOL

$595,433

AVERAGE PRICE OF 21 REDUCED PRICE HOMES

Average Home

Average Price $455,791
Avg Bedrooms 1.74 beds
Avg Bathrooms 1.27 baths

Average Price by Bedrooms

1 bedroom $210,466
2 bedrooms $459,202
3 bedrooms $526,860
4 bedrooms $847,889
5 bedrooms $926,058
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 $461,675 115 days
Total Homes Average Price Avg Days on Site
All Homes 346 $455,791 132 days
Multi-Million Dollar Homes 30 $2,127,133 94 days
Newly Built Homes 52 $246,103 160 days
Homes with a Pool 10 $438,020 87 days
Reduced Price Homes 21 $595,433 41 days

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