Comprehensive market data and analysis• Updated Dec 2025
21.8 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 3 | 11 | 17 |
| 1-2 acres | - | - | - | 1 |
| 2-5 acres | 1 | 1 | 1 | 3 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 2 | 4 | 12 | 22 |
Acreage buckets
The median price for land in Lake City, Minnesota is currently $98K per acre. For a typical parcel, the median sale price is $36K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $19K while premium lots reached $115K.
Lake City, Minnesota is currently a strong buyer's market with 21.8 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 71.5% year-over-year.
Lake City, Minnesota currently has 21.8 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The median land price in Lake City, Minnesota stands at $36K. This translates to roughly $98K per acre for the typical parcel size. The average price is $59K, indicating some higher-priced properties pulling up the average.
Land in Lake City, Minnesota typically sells within 316 days of listing. The median time on market is 172 days. Properties are moving slowly in the current strong buyer's market.
The current absorption rate in Lake City, Minnesota is 4.6% (3-month basis), indicating slow demand. With depreciating values (-71.5% YoY), buyers may find value opportunities. The top-performing broker in this market is Lakeshore Real Estate Krage & Associates, LLC..
Land in Lake City, Minnesota averages $643.4M per acre. The median price per acre is $98K, which may be more representative of typical transactions. Most parcels sold are around 13,721 sq ft.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.