Lake Lillian, MN—56253

As of Aug '25, the median home price in Lake Lillian, MN is $297,000, with a year-over-year change of 3.8%. This indicates that home prices in Lake Lillian, MN are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.

As of Aug '25 and according to Realtor.com, the median days on market for a home in Lake Lillian, MN is 106. This is an increase of 121.0% from last year. This indicates that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 100.0%. This is a large percentage of inventory, suggesting a lot of supply pressure on home prices.

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Lake Lillian, MN in that year was NA. NA of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was NA. Of those, NA were >90% loan to value. This is considered unknown, suggesting that mortgage risk is unknown in Lake Lillian, MN. Investor activity in Lake Lillian, MN is unknown, as NA of all loans are originated by investors. In 2023, NA of all loans were cash-out refinances, suggesting unknown homeowners are actively tapping their home's equity.