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Detroit Lakes, MN Real Estate & Property Data

Detroit Lakes Real Estate Market Trends

Last Updated: August 30, 2025

Accurate and comprehensive real estate data is critical for insight into Detroit Lakes, MN 56501. ATTOM’s Detroit Lakes real estate data is updated daily, and current market trends show that in Detroit Lakes, MN a total of 451 residential properties have sold over the past year. With a median home price of $320,650 in Detroit Lakes and a total of 2 foreclosures. Get detailed property data for Detroit Lakes, MN instantly. ATTOM is your one-stop-shop for the Detroit Lakes property reports and real estate data you need in Detroit Lakes, MN.

Detroit Lakes Real Estate Market Trends

Get property data for any address in Detroit Lakes, MN or the country:

Total Residential Properties 11,046

Total Commercial Properties 782

Avg. Home Age (Single Family Home) 49 Years

Avg. Square Feet (Single Family Home) 1,570

Total 2025 Residential Sales (year-to-date) 167

% of Homes Seriously Underwater (Q3 2025) 1.88%

Total 2024 Residential Sales 344

% of Equity Rich Homes (Q3 2025) 25.77%

Effective 2024 Property Tax 0.71%

Total Foreclosure Filings (year-to-date) 11

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Detroit Lakes, MN 56501 Real Estate Overview

There were 451 residential properties sold in the past year in Detroit Lakes, MN 56501. The median home value in Detroit Lakes, MN 56501 is $353,019. There are a total of 11,046 residential properties in the 56501.

Median Sales Price i

$320,650

(Jun 2025)

+40%

year-over-year

y-o-y

June '25 Jun '25 $320,650
May '25 May '25 $250,000
April '25 Apr '25 $243,750
March '25 Mar '25 $259,000
February '25 Feb '25 $427,000
January '25 Jan '25 $237,500
December '24 Dec '24 $389,900
November '24 Nov '24 $360,000
October '24 Oct '24 $361,000
September '24 Sep '24 $439,000
August '24 Aug '24 $267,500
July '24 Jul '24 $303,000

Median Down Payment i

$59,321

(Jun 2025)

+96.1%

year-over-year

y-o-y

June '25 Jun '25 $59,321
May '25 May '25 $33,250
April '25 Apr '25 $11,600
March '25 Mar '25 $29,250
February '25 Feb '25 $32,450
January '25 Jan '25 $37,000
December '24 Dec '24 $93,980
November '24 Nov '24 $52,000
October '24 Oct '24 $72,200
September '24 Sep '24 $87,800
August '24 Aug '24 $46,850
July '24 Jul '24 $47,450

Number of Homes Sold i

42

(Jun 2025)

-4.5%

year-over-year

y-o-y

June '25 Jun '25 42
May '25 May '25 28
April '25 Apr '25 31
March '25 Mar '25 23
February '25 Feb '25 16
January '25 Jan '25 27
December '24 Dec '24 32
November '24 Nov '24 38
October '24 Oct '24 37
September '24 Sep '24 50
August '24 Aug '24 41
July '24 Jul '24 42

Number of Purchase Loans i

32

(Jun 2025)

-5.9%

year-over-year

y-o-y

June '25 Jun '25 32
May '25 May '25 22
April '25 Apr '25 20
March '25 Mar '25 12
February '25 Feb '25 6
January '25 Jan '25 8
December '24 Dec '24 20
November '24 Nov '24 22
October '24 Oct '24 28
September '24 Sep '24 25
August '24 Aug '24 19
July '24 Jul '24 26

Number of REFI Loans i

25

(Jun 2025)

-30.6%

year-over-year

y-o-y

June '25 Jun '25 25
May '25 May '25 33
April '25 Apr '25 38
March '25 Mar '25 25
February '25 Feb '25 15
January '25 Jan '25 25
December '24 Dec '24 39
November '24 Nov '24 13
October '24 Oct '24 36
September '24 Sep '24 32
August '24 Aug '24 41
July '24 Jul '24 31

Number of HELOC Loans i

2

(Jun 2025)

June '25 Jun '25 2
May '25 May '25 1
April '25 Apr '25 1
March '25 Mar '25 2
February '25 Feb '25 N/A
January '25 Jan '25 1
December '24 Dec '24 1
November '24 Nov '24 2
October '24 Oct '24 3
September '24 Sep '24 1
August '24 Aug '24 2
July '24 Jul '24 3

Detroit Lakes, MN 56501 Real Estate Market Overview

Last 30 days

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Detroit Lakes, MN 56501 Foreclosure Activity

There were a total of 2 Detroit Lakes, MN 56501 properties with a foreclosure filing in June 2025.

Total Foreclosure Filings i

2

(Jun 2025)

+100%

year-over-year

y-o-y

June '25 Jun '25 2
May '25 May '25 3
April '25 Apr '25 N/A
March '25 Mar '25 1
February '25 Feb '25 5
January '25 Jan '25 N/A
December '24 Dec '24 N/A
November '24 Nov '24 2
October '24 Oct '24 1
September '24 Sep '24 2
August '24 Aug '24 1
July '24 Jul '24 N/A

Foreclosure Starts i

2

(Jun 2025)

+100%

year-over-year

y-o-y

June '25 Jun '25 2
May '25 May '25 3
April '25 Apr '25 N/A
March '25 Mar '25 1
February '25 Feb '25 5
January '25 Jan '25 N/A
December '24 Dec '24 N/A
November '24 Nov '24 2
October '24 Oct '24 1
September '24 Sep '24 2
August '24 Aug '24 1
July '24 Jul '24 N/A

Completed Foreclosures (REOs) i

June '25 Jun '25 N/A
May '25 May '25 N/A
April '25 Apr '25 N/A
March '25 Mar '25 N/A
February '25 Feb '25 N/A
January '25 Jan '25 N/A
December '24 Dec '24 N/A
November '24 Nov '24 N/A
October '24 Oct '24 N/A
September '24 Sep '24 N/A
August '24 Aug '24 N/A
July '24 Jul '24 N/A

Nearby Cities

1. Audubon
2. Richwood
3. Rochert
4. Callaway
5. Frazee
6. Vergas

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