Is Lake Benton, MN 56149 a buyer’s or seller’s market?
Lake Benton is a seller’s market. With about 1.8 months of supply and 0% 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.
The Lake Benton housing market right now
In the three months ending August 31, 2026, 0% of homes in Lake Benton, MN 56149 sold above their list price, the typical home went under contract in 21 days and there were 1.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 9 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 (133 days then) and the median sale price fell 40% to $149,935. Overall, Lake Benton is more competitive than a year ago, so tougher for buyers.
Within Lincoln County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Tyler 56178 (33% sold over asking) is even more competitive.
Run the numbers for 56149
Nearby markets
Arco 56113 — /sq ftHendricks 56136Balanced $133 /sq ftIvanhoe 56142Buyer’s market $63 /sq ftPorter 56280 $83 /sq ft Browse all markets →Towns like Lake Benton nearby
Find towns like Lake Benton in other states →Where Lake Benton is
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Questions about Lake Benton real estate
Is Lake Benton a buyer’s or seller’s market?
A seller’s market: there were 1.8 months of supply in Lake Benton, MN 56149 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 Lake Benton?
The typical home went under contract in 21 days in the latest three months.
Do homes in Lake Benton sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.2% of the list price.
What are property taxes in Lake Benton?
About 0.96% of a home’s value a year in Lincoln County, or roughly $3,840 on a $400,000 home.
What is the median home price in Lake Benton?
The median sale price was $149,935 in the three months ending August 31, 2026, about $94 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