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All market snapshots / 56501

Detroit Lakes, MN 56501 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Detroit Lakes, MN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.11
ActiveActive listings: 6565PendingPending sales: 77
Detroit Lakes, MN: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $440k$440kSoldMedian sold price (last 6 months): $380k$380k
What homes actually sell for in Detroit Lakes, MN
Distribution of 175 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $270k to $570k
$108k to $266k: 32 sales$108k$266k to $423k: 58 sales58sales$423k to $580k: 36 sales$423k$580k to $738k: 16 sales$738k to $895k: 9 sales$738k$895k to $1.05M: 4 sales$1.05M to $1.21M: 2 sales$1.05M$1.21M to $1.37M: 2 salesMedian $380k

What the numbers say

As of October 26, 2026, Resideline is tracking 65 active listings and 7 pending sales in ZIP code 56501. That pending-to-active ratio of 0.11 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $440,000, while the median of the 175 closed sales Resideline tracked over the last six months was $379,900. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 56501 for 79 days.

Frequently asked questions

What is the median home price in 56501?

The median closed sale price in Detroit Lakes, MN 56501 was $379,900 over the last six months, based on 175 closed sales tracked by Resideline. The middle half of those sales ranged from $270,000 to $570,000.

Is 56501 a buyer's or seller's market?

Resideline is currently tracking 7 pending sales against 65 active listings in 56501, a pending-to-active ratio of 0.11. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 56501 is currently a typical-pace market.

Nearby ZIP code market data

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