Is Lake Wilson, MN 56151 a buyer’s or seller’s market?
Lake Wilson is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Lake Wilson housing market right now
In the three months ending August 31, 2026, 0% of homes in Lake Wilson, MN 56151 sold above their list price, the typical home went under contract in 245 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, 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 more slowly (45 days then) and the median sale price rose 130% to $199,414. Overall, Lake Wilson is less competitive than a year ago, which gives buyers more room.
Nearby, Slayton 56172 (15% sold over asking) is even more competitive.
Run the numbers for 56151
Nearby markets
Avoca 56114 — /sq ftChandler 56122 — /sq ftCurrie 56123 — /sq ftFulda 56131Buyer’s market $99 /sq ft Browse all markets →Where Lake Wilson is
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Questions about Lake Wilson real estate
Is Lake Wilson a buyer’s or seller’s market?
A buyer’s market: there were 9.6 months of supply in Lake Wilson, MN 56151 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 Wilson?
The typical home went under contract in 245 days in the latest three months.
Do homes in Lake Wilson sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 80.8% of the list price.
What are property taxes in Lake Wilson?
About 0.79% of a home’s value a year in Murray County, or roughly $3,160 on a $400,000 home.
What is the median home price in Lake Wilson?
The median sale price was $199,414 in the three months ending August 31, 2026, about $108 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