Detroit Lakes Market Report
$453,648
AVERAGE PRICE OF 32 HOMES$1,399,000
AVERAGE PRICE OF 1 MULTI-MILLION DOLLAR HOMES$398,688
AVERAGE PRICE OF 9 NEWLY BUILT HOMES$595,000
AVERAGE PRICE OF 2 HOMES WITH A POOL$400,000
AVERAGE PRICE OF 1 REDUCED PRICE HOMESAverage Home
| Average Price | $453,648 |
| Avg Bedrooms | 3.16 beds |
| Avg Bathrooms | 2.31 baths |
Average Price by Bedrooms
| 2 bedrooms | $316,760 |
| 3 bedrooms | $462,976 |
| 4 bedrooms | $506,235 |
Detroit Lakes Home Price Trends
| 7/2022 | 6/2022 | 5/2022 | 4/2022 | 3/2022 | |
|---|---|---|---|---|---|
| Total Listings | 31 | n/a | n/a | n/a | 13 |
| Average Price | $465,054 | n/a | n/a | n/a | $495,655 |
| Avg Price Change | n/a | n/a | n/a | n/a | +10.66% |
| Median Price | $429,900 | n/a | n/a | n/a | $397,766 |
| Med Price Change | n/a | n/a | n/a | n/a | +6.68% |
| Avg Bedrooms | 3.22 beds | n/a | n/a | n/a | 3.08 beds |
| Avg Bathrooms | 2.33 baths | n/a | n/a | n/a | 2.56 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Detroit Lakes | 30 | $414,758 | 48 days |
| Lake Park-Audubon | 1 | $675,000 | 61 days |
| Pelican Rapids | 1 | $1,399,000 | 40 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 32 | $453,648 | 49 days |
| Multi-Million Dollar Homes | 1 | $1,399,000 | 40 days |
| Newly Built Homes | 9 | $398,688 | 55 days |
| Homes with a Pool | 2 | $595,000 | 58 days |
| Reduced Price Homes | 1 | $400,000 | 47 days |
