Comprehensive market data and analysis• Updated Oct 2026
23.2 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 11 | 14 |
| 1-2 acres | - | - | - | 1 |
| 2-5 acres | 1 | 1 | 1 | 2 |
| 5-10 acres | 2 | 2 | 2 | 2 |
| 10-20 acres | - | - | 1 | 1 |
| 20-50 acres | - | - | 1 | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 3 | 4 | 16 | 21 |
Acreage buckets
The median price for land in Lake City, Minnesota is currently $56K per acre. For a typical parcel, the median sale price is $32K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $15K while premium lots reached $180K.
Lake City, Minnesota is currently a strong buyer's market with 23.2 months of supply. Buyers have more negotiating power and can take time to find the right property.
Lake City, Minnesota currently has 23.2 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 $32K. This translates to roughly $56K per acre for the typical parcel size. The average price is $67K, indicating some higher-priced properties pulling up the average.
Land in Lake City, Minnesota typically sells within 259 days of listing. The median time on market is 135 days. Properties are moving slowly in the current strong buyer's market.
The current absorption rate in Lake City, Minnesota is 4.3% (3-month basis), indicating slow demand. The top-performing broker in this market is Featherstone Real Estate, LLC.
Land in Lake City, Minnesota averages $110K per acre. The median price per acre is $56K, which may be more representative of typical transactions. Most parcels sold are around 14,810 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, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Lake City on LandyDandy.
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