Is Lakeland, MN 55043 a buyer’s or seller’s market?
Lakeland is a seller’s market. With about 3.2 months of supply and 42% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 81% of U.S. ZIP codes, and #91 of 307 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending July 31, 2026. See the breakdown
The Lakeland housing market right now
In the three months ending August 31, 2026, 42% of homes in Lakeland, MN 55043 sold above their list price, the typical home went under contract in 10 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 12 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 60%, homes sold faster (25 days then) and the median sale price rose 24% to $502,233. Overall, Lakeland is less competitive than a year ago, which gives buyers more room.
Within Washington County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 80%.
Nearby, buyers who want less competition could look at Willernie 55090 (0% sold over asking) or Afton 55001 (0% sold over asking), while Saint Paul Park 55071 (60% sold over asking) is even more competitive.
Run the numbers for 55043
Nearby markets
Afton 55001Seller’s market $243 /sq ftBayport 55003Seller’s market $201 /sq ftCottage Grove 55016Seller’s market $202 /sq ftHugo 55038Seller’s market $201 /sq ft Browse all markets →Towns like Lakeland nearby
Find towns like Lakeland in other states →Where Lakeland is
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Questions about Lakeland real estate
Is Lakeland a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Lakeland, MN 55043 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Lakeland?
The typical home went under contract in 10 days in the latest three months.
Do homes in Lakeland sell over asking?
42% of homes sold above their original list price, and the typical sale closed at 99.6% of the list price.
What are property taxes in Lakeland?
About 0.99% of a home’s value a year in Washington County, or roughly $3,960 on a $400,000 home.
What is the median home price in Lakeland?
The median sale price was $502,233 in the three months ending August 31, 2026, about $227 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology