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Ashley Christianson
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Detroit Lakes Market Report

$393,083

AVERAGE PRICE OF 275 HOMES

$2,006,757

AVERAGE PRICE OF 21 MULTI-MILLION DOLLAR HOMES

$209,632

AVERAGE PRICE OF 43 NEWLY BUILT HOMES

$410,142

AVERAGE PRICE OF 7 HOMES WITH A POOL

$553,683

AVERAGE PRICE OF 12 REDUCED PRICE HOMES

Average Home

Average Price $393,083
Avg Bedrooms 1.72 beds
Avg Bathrooms 1.18 baths

Average Price by Bedrooms

1 bedroom $258,333
2 bedrooms $353,435
3 bedrooms $527,238
4 bedrooms $770,212
5 bedrooms $804,609
Detroit Lakes Home Price Trends
  9/2024 8/2024 7/2024 6/2024 5/2024
Total Listings 284 275 269 269 261
Average Price $410,722 $411,960 $432,292 $425,559 $387,778
Avg Price Change -0.30% -4.94% +1.58% +9.74% +7.03%
Median Price $226,058 $213,355 $239,717 $238,717 $211,086
Med Price Change +5.95% -12.36% +0.42% +13.09% +10.80%
Avg Bedrooms 1.68 beds 1.57 beds 1.62 beds 1.65 beds 1.55 beds
Avg Bathrooms 1.2 baths 1.16 baths 1.2 baths 1.18 baths 1.08 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Detroit Lakes 5 $574,080 102 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 275 $393,083 112 days
Multi-Million Dollar Homes 21 $2,006,757 120 days
Newly Built Homes 43 $209,632 101 days
Homes with a Pool 7 $410,142 50 days
Reduced Price Homes 12 $553,683 79 days

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