Active Listings
3
— vs 3 last year
Data as of February 2026. Source: Realtor.com.
The LAFAYETTE, MN real estate market (56054) currently shows 3 active listings, with 1 pending sales. Homes are averaging 252 days on the market before going under contract.
Inventory levels are unchanged compared to last year.
Homes are taking longer to sell, averaging 252 days on market compared to 26 days last year.
The median listing price has fallen 9.9% year-over-year, from $244,200 to $220,000.
Whether you are buying or selling in LAFAYETTE, 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: 1,005 · Density: 7.2/mi² · Median household income: $90,000
Typical home value: $182,144 · Homeownership: 88.5%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 56054 | Lafayette, MN 56054 | 0.0 mi | 4 | $872,000 | $220,000 | $218,000 |
| 56073 | New Ulm, MN 56073 | 10.1 mi | 33 | $10,718,895 | $299,900 | $324,815 |
| 55335 | Gibbon, MN 55335 | 10.8 mi | 4 | $966,960 | $179,900 | $241,740 |
| 56074 | Nicollet, MN 56074 | 11.4 mi | 5 | $1,839,875 | $381,950 | $367,975 |
| 55332 | Fairfax, MN 55332 | 17.6 mi | 4 | $1,211,040 | $265,000 | $302,760 |
| 55312 | Brownton, MN 55312 | 18.9 mi | 5 | $1,480,375 | $277,150 | $296,075 |
| 56003 | Mankato, MN 56003 | 20.8 mi | 27 | $11,610,000 | $359,900 | $430,000 |
| 56055 | Lake Crystal, MN 56055 | 22.2 mi | 17 | $4,326,194 | $219,900 | $254,482 |
| 56044 | Henderson, MN 56044 | 23.1 mi | 3 | $1,044,000 | $360,000 | $348,000 |
| 55338 | Green Isle, MN 55338 | 24.5 mi | 7 | $2,226,931 | $332,450 | $318,133 |
| 55314 | Buffalo Lake, MN 55314 | 25.8 mi | 2 | $504,000 | $252,000 | $252,000 |
| 56062 | Madelia, MN 56062 | 26.9 mi | 4 | $1,064,600 | $309,900 | $266,150 |
| 55339 | Hamburg, MN 55339 | 28.6 mi | 1 | $589,900 | $589,900 | $589,900 |
As of February 2026, there are 3 active listings in LAFAYETTE, MN (zip code 56054), compared to 3 the prior year.
The median listing price in LAFAYETTE, MN 56054 is $220,000 as of February 2026, a 9.9% decrease from $244,200 the prior year.
Homes in LAFAYETTE, MN 56054 spend an average of 252 days on the market before going under contract, compared to 26 days the prior year.
Based on current inventory and days-on-market data as of February 2026, LAFAYETTE, MN 56054 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 252 days on market compared to 26 days last year.
With SELL123.com's maximum 3% commission, sellers in LAFAYETTE, MN 56054 save an estimated $4,400 compared to a typical 5% commission on the median listing price of $220,000. 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.