Detroit Lakes, MN
Monthly housing intelligence, market trends, and trusted local expertise.
As of the latest 2026 data
Median Listing
Pending Ratio
Active Inventory
Median DOM
Primary Intelligence Tool — Sold Score™
Will your home sell in today's very weak Detroit Lakes market?
Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Detroit Lakes, MN.
The Detroit Lakes housing market currently exhibits very weak demand absorption, with a pending ratio of 0.12, reflecting a significant contraction of 17.2% year-over-year. Active listings have expanded by 21.3% over the past year, contributing to an environment of increased supply.
Local Market Signals
Source: FRED (St. Louis Fed)Local economic trends can influence how quickly homes sell and how much competition sellers may face.
What's moving the Detroit Lakes market right now.
Active listings have increased substantially, rising 21.3% year-over-year to 225 units, while new listings also saw a 16.0% year-over-year increase. Concurrently, the pending ratio declined by 17.2% year-over-year to 0.12, indicating a notable slowdown in buyer activity. Median listing prices experienced a marginal month-over-month decline of 1.0% but registered a 2.2% increase over the past year, suggesting some price resilience amidst expanding inventory.
Market Trends
Median Price
Active Inventory
Days on Market
Sold Score™
Sold Score™ Over Time
Market liquidity index • 36 months
Price & Days on Market
Median listing vs market velocity
Inventory Dynamics
Total active listings vs new monthly supply
Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.
Market Signals & Indicators
The current market dynamics suggest a slow pace of transactions, with a pending ratio of 0.12 indicating limited demand absorption. Expanding active listings, up 21.3% year-over-year, contribute to reduced inventory pressure, affording greater opportunity for price negotiation. Price discipline may be tested given the ample supply relative to buyer activity.
The average listing price of $607,834 significantly exceeds the median listing price of $467,475, contributing to a substantial average-vs-median spread. Concurrently, the average listing price experienced a 9.2% year-over-year increase, outpacing the 2.2% year-over-year growth in median listing price, and median $/sqft also rose by 9.4% year-over-year. This suggests sustained strength in the higher price tiers despite overall weak market conditions.
225 active listings represent the current floor, with new supply arriving at roughly 58 per month.
of active listings carry a price reduction, -1.5% from prior period.
Median price per square foot has moved +9.4% year-over-year.
Pending-to-active ratio — Very Weak.
Recommended For This Market
Very WeakSelling in Detroit Lakes, MN? Homes here are taking 4 days less to sell than last year.
Buyers have leverage in Detroit Lakes, MN. Homes that sell are the ones priced and presented for today's conditions, not last year's.
- Buyer Demand Index
- 12%
- Median Days on Market
- 62 days
- Inventory YoY
- +21%
In a buyer's market, strategy beats timing. See how your home scores in Detroit Lakes, MN and what moves the number.
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Metro Demographics
ZIPs in Detroit Lakes, MN
56560
moorhead
$314K
200 active · 49 DOM
56501
detroit lakes
$462K
152 active · 59 DOM
56537
fergus falls
$288K
63 active · 51 DOM
56573
perham
$376K
45 active · 62 DOM
56572
pelican rapids
$694K
37 active · 90 DOM
56515
battle lake
$555K
33 active · 112 DOM
56520
breckenridge
$252K
31 active · 49 DOM
56544
frazee
$472K
29 active · 50 DOM
56571
ottertail
$402K
29 active · 121 DOM
56528
dent
$425K
27 active · 100 DOM
56529
dilworth
$379K
26 active · 68 DOM
56549
hawley
$389K
22 active · 44 DOM
56587
vergas
$495K
21 active · 103 DOM
56514
barnesville
$391K
21 active · 76 DOM
56535
erskine
$612K
17 active · 91 DOM
56554
lake park
$500K
16 active · 37 DOM
56547
glyndon
$366K
13 active · 68 DOM
56567
new york mills
$274K
13 active · 77 DOM
Sorted by active inventory · click a ZIP for its full report