Is Lanesboro, MN 55949 a buyer’s or seller’s market?
Lanesboro is a balanced market. With about 5.2 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Lanesboro housing market right now
In the three months ending August 31, 2026, 0% of homes in Lanesboro, MN 55949 sold above their list price, the typical home went under contract in 15 days and there were 5.2 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 8 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (32 days then) and the median sale price rose 26% to $283,827. Overall, Lanesboro is more competitive than a year ago, so tougher for buyers.
Within Fillmore County, homes here sell faster than in 60% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Fountain 55935 (60% sold over asking) and Peterson 55962 (50% sold over asking) are even more competitive.
Run the numbers for 55949
Nearby markets
Canton 55922Seller’s market $269 /sq ftChatfield 55923Buyer’s market $147 /sq ftFountain 55935Seller’s market $153 /sq ftHarmony 55939Seller’s market $120 /sq ft Browse all markets →Towns like Lanesboro nearby
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Questions about Lanesboro real estate
Is Lanesboro a buyer’s or seller’s market?
A balanced market: there were 5.2 months of supply in Lanesboro, MN 55949 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 Lanesboro?
The typical home went under contract in 15 days in the latest three months.
Do homes in Lanesboro sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.1% of the list price.
What are property taxes in Lanesboro?
About 0.94% of a home’s value a year in Fillmore County, or roughly $3,760 on a $400,000 home.
What is the median home price in Lanesboro?
The median sale price was $283,827 in the three months ending August 31, 2026, about $161 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