Active Listings
23
⇩ 23.3% vs 30 last year
Data as of February 2026. Source: Realtor.com.
The LAKE CITY, MN real estate market (55041) currently shows 23 active listings, with 7 pending sales. Homes are averaging 87 days on the market before going under contract.
Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers.
Homes are selling faster, averaging 87 days on market compared to 105 days last year.
The median listing price has risen 0.3% year-over-year, from $458,675 to $459,900.
Whether you are buying or selling in LAKE CITY, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.
Population: 7,559 · Density: 20.3/mi² · Median household income: $76,422
Typical home value: $253,988 · Homeownership: 80.5%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 55041 | Lake City, MN 55041 | 0.0 mi | 22 | $10,643,600 | $439,950 | $483,800 |
| 54769 | Stockholm, WI 54769 | 8.9 mi | 3 | $2,550,000 | $850,000 | $850,000 |
| 55991 | Zumbro Falls, MN 55991 | 10.7 mi | 1 | $649,900 | $649,900 | $649,900 |
| 55981 | Wabasha, MN 55981 | 12.9 mi | 16 | $5,075,008 | $344,900 | $317,188 |
| 55066 | Red Wing, MN 55066 | 13.9 mi | 79 | $28,150,386 | $300,000 | $356,334 |
| 55945 | Kellogg, MN 55945 | 15.7 mi | 1 | $117,125 | $117,125 | $117,125 |
| 55932 | Elgin, MN 55932 | 17.8 mi | 5 | $1,933,900 | $395,000 | $386,780 |
| 54756 | Nelson, WI 54756 | 19.0 mi | 1 | $260,588 | $260,588 | $260,588 |
| 55906 | Rochester, MN 55906 | 20.3 mi | 71 | $36,310,110 | $362,450 | $511,410 |
| 55960 | Oronoco, MN 55960 | 20.5 mi | 8 | $4,531,288 | $485,000 | $566,411 |
| 55963 | Pine Island, MN 55963 | 22.2 mi | 31 | $10,575,030 | $325,000 | $341,130 |
| 54011 | Ellsworth, WI 54011 | 23.3 mi | 18 | $8,044,200 | $377,400 | $446,900 |
| 54610 | Alma, WI 54610 | 24.4 mi | 6 | $2,468,898 | $329,950 | $411,483 |
As of February 2026, there are 23 active listings in LAKE CITY, MN (zip code 55041), compared to 30 the prior year.
The median listing price in LAKE CITY, MN 55041 is $459,900 as of February 2026, a 0.3% increase from $458,675 the prior year.
Homes in LAKE CITY, MN 55041 spend an average of 87 days on the market before going under contract, compared to 105 days the prior year.
Based on current inventory and days-on-market data as of February 2026, LAKE CITY, MN 55041 is currently a Seller's Market. Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 87 days on market compared to 105 days last year.
With SELL123.com's maximum 3% commission, sellers in LAKE CITY, MN 55041 save an estimated $9,198 compared to a typical 5% commission on the median listing price of $459,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.