Comprehensive market data and analysis• Updated Oct 2026
10.2 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 1 | 1 | 2 |
| 1-2 acres | - | 2 | 2 | 2 |
| 2-5 acres | 2 | 4 | 6 | 7 |
| 5-10 acres | - | - | 2 | 4 |
| 10-20 acres | - | 2 | 8 | 12 |
| 20-50 acres | 1 | 3 | 7 | 14 |
| 50-100 acres | 1 | 2 | 4 | 5 |
| 100+ acres | - | - | - | 2 |
| TOTAL | 5 | 14 | 30 | 48 |
Acreage buckets
The median price for land in Lake County, Minnesota is currently $9K per acre. For a typical parcel, the median sale price is $131K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $52K while premium lots reached $299K.
Lake County, Minnesota is currently a buyer's market with 10.2 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have increased 10.0% year-over-year.
Lake County, Minnesota currently has 10.2 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
There are currently 58 active listings in Lake County, Minnesota. 15 new listings have hit the market in the last 90 days. The median asking price is $155K.
Land in Lake County, Minnesota averages $39K per acre. The median price per acre is $9K, which may be more representative of typical transactions. Most parcels sold are around 14.3 acres.
Land in Lake County, Minnesota typically sells within 113 days of listing. The median time on market is 44 days. Properties are moving at a moderate pace in the current buyer's market.
The 3-month absorption rate in Lake County, Minnesota is 9.8%. The 12-month rate is 7.8%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
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 County on LandyDandy.
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