How much does it cost to buy a house in Lakefield, MN?

In May 2026 Lakefield homes were listed to buy for a median price of $152K, which is a 32% decrease to April 2025 last month, and a 32% decrease to May 2025 last year. The median value of a home listed to buy in Lakefield in May 2026 was $92 per sqft, which is a 18% decrease to April 2025 last month, and a 17% decrease to May 2025 last year.

Is it affordable or expensive to live in Lakefield, MN?

It is affordable to live in Lakefield. Buying a home in Lakefield is 0% less expensive compared with the national average.

Is it a good time to buy property in Lakefield, MN?

Yes now is a good time to buy property in Lakefield, in May 2026, homes in Lakefield have decreased in value (price per sqft) by 17% in the last year compared with May 2025.

Is the Lakefield, MN housing market slowing down?

The housing market in Lakefield is slowing down. In May 2026, homes to buy in Lakefield spent an median 47 days on the market, a 70% decrease from May 2025 last year.

How much money should I make to buy a house in Lakefield, MN?

In May 2026, Lakefield homes were listed to buy for a median price of $152K, with 25% down you would need $906/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $31K.

Is it a good time to sell my house in Lakefield, MN?

Yes now is a good time to sell your house in Lakefield, in May 2026, homes in Lakefield have decreased in value (price per sqft) by 17% in the last year compared with May 2025.