Metropolitan market · Minnesota · June 2026 data

Detroit Lakes Real Estate Market

The Detroit Lakes, MN housing market as of June 2026 — real median listing price, market pace, inventory and supply, from public records and industry data. Prepare a client-ready Detroit Lakes report in a click.

Median listing price
$476,950
▼ 1.1% YoY
Median $ / sq ft
$249
2,088 sq ft median
Median days on market
50
June 2026
Active listings
186
For sale now
New listings
60
June 2026
Listings with price cuts
30%
Share of active
Median listing price trend
$482K$467K$452K$437K Q3'24Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26

Median listing price, Detroit Lakes MN · trailing 8 quarters · source: public records and industry data.

The 10-year view
$520K$465K$409K$354K '17'18'19'20'21'22'23'24'25'26

10-year median listing price, Detroit Lakes MN · June of each year, 2017–2026 · source: public records and industry data.

Supply snapshot
Active listings
186
New this month
60
Pending
70
Price-reduced
55

As of June 2026, the median home listed in Detroit Lakes, MN asks $476,950 — down 1.1% from a year ago. Homes are taking a median of 50 days to go under contract, and 30% of the 186 active listings have taken a price cut, which points to a balanced market. Figures cover the Detroit Lakes, MN metro area. Based on public records and industry data, updated monthly.

Investment snapshot
Investor Score
34/100
#768 of 932 covered metros
12-month outlook
-1.9%
Flat · model output, not advice
Momentum
34
Value
19
Rental yield
6
Supply risk
34
Market heat
51

Detroit Lakes scores 34/100 on our composite Investor Score (#768 of 932 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; active inventory sits at 69% of its June 2019 level, so supply is still below pre-pandemic norms; listing prices are down 1.1% year over year; all against a national 30-year fixed mortgage rate of 6.43% (national weekly average, 2026-07-02).

Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Detroit Lakes ranks on the trending markets index.

What mortgage rates do to the payment
If rates fall 1% · 5.43%
$2,150/mo
−$244/mo vs today
At today's rate · 6.43%
$2,394/mo
National weekly average
If rates rise 1% · 7.43%
$2,650/mo
+$255/mo vs today

Principal & interest on the $476,950 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 6.43% (national weekly average, 2026-07-02). Model a full deal in the deal analyzer.

Growth, supply pipeline & risk
Building permits (2025)
155
▼ 0.6% vs 2024
4.4 per 1,000 residents
Net migration (2022–2023)
+125
▲ people, via tax-return records
net income flow +$9.97M/yr
Natural-hazard risk
Very Low
National hazard index · top hazard: Riverine flooding

Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.

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Top agents in Detroit Lakes

The producers moving the most volume in Detroit Lakes.

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Top teams

The groups setting production records nationwide.

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Hours, exam and the commission that regulates Minnesota agents.

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Agent salary in Minnesota

What real estate agents actually earn across Minnesota.

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Detroit Lakes market FAQs

What is the median home price in Detroit Lakes?
As of June 2026, the median listing price in Detroit Lakes, MN is $476,950, down 1.1% year over year (source: public records and industry data). Figures cover the Detroit Lakes, MN metro area.
How fast are homes selling in Detroit Lakes?
The median property in Detroit Lakes spends 50 days on the market, with 186 homes actively listed and 30% of them carrying a price cut — a balanced market by pace.
Who are the top real estate agents in Detroit Lakes?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Detroit Lakes and the wider Minnesota market.
Based on public records and industry data, June 2026 — see our methodology for how every figure is computed. Figures cover the Detroit Lakes, MN metro area. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.