Is Lake Lillian, MN 56253 a buyer’s or seller’s market?
Lake Lillian is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Lake Lillian housing market right now
In the three months ending August 31, 2026, 0% of homes in Lake Lillian, MN 56253 sold above their list price, the typical home went under contract in 49 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 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 more slowly (31 days then) and the median sale price fell 18% to $339,353. Overall, Lake Lillian is less competitive than a year ago, which gives buyers more room.
Within Kandiyohi County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Sunburg 56289 (50% sold over asking) and Raymond 56282 (38% sold over asking) are even more competitive.
Run the numbers for 56253
Nearby markets
Atwater 56209Seller’s market $277 /sq ftBlomkest 56216Seller’s market $120 /sq ftKandiyohi 56251 $147 /sq ftNew London 56273Seller’s market $170 /sq ft Browse all markets →Where Lake Lillian is
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Questions about Lake Lillian real estate
Is Lake Lillian a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Lake Lillian, MN 56253 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 Lillian?
The typical home went under contract in 49 days in the latest three months.
Do homes in Lake Lillian sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 99.7% of the list price.
What are property taxes in Lake Lillian?
About 1.02% of a home’s value a year in Kandiyohi County, or roughly $4,080 on a $400,000 home.
What is the median home price in Lake Lillian?
The median sale price was $339,353 in the three months ending August 31, 2026, about $216 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