Wood Lake, MN Foreclosures
How much do homes sell for in Wood Lake, MN?
The average home price is currently $294,665.
In Wood Lake, MN, how many homes are available?
There are currently 5 active home listings available in Wood Lake.
What’s the average rental cost in Wood Lake, MN?
The average rental price in Wood Lake is $1,213.
What is the most expensive home in Wood Lake?
The most expensive home sold in Wood Lake had a price of $2,646,895.
What is currently the cheapest priced home in Wood Lake, MN?
The cheapest home for sale in Wood Lake is priced at $22,872.
Living in Wood Lake, MN
Wood Lake, MN is a quaint town surrounded by nature, offering a peaceful lifestyle and a close-knit community. Residents enjoy outdoor activities, local amenities, and a strong sense of community. With quality schools and beautiful landscapes, Wood Lake is a hidden gem in southwestern Minnesota.
Current Market Conditions in Wood Lake, MN
The real estate market in Wood Lake, MN currently shows a steady growth trend, driven by an influx of new residents attracted to the area’s serene environment and affordable housing. Home prices have seen a modest increase, typically appealing to first-time home buyers and retirees seeking a quieter pace of life.
In recent months, there has been an uptick in home renovations and improvements, indicating that homeowners are investing in their properties. The demand for rental properties has also surged as more individuals seek affordable living options, resulting in a robust rental market.
Home Value Estimator For Wood Lake, MN
There are currently 325 real estate properties
in Wood Lake, MN,
with a median automated valuation model (AVM) price
of $172,050.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Wood Lake, MN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Wood Lake, MN,
is $294,665.00, with the most expensive house
in Wood Lake, MN, topping out
at $2,646,895.00 and the cheapest home
in Wood Lake, MN,
clocking in at $22,872.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Wood Lake, MN!
Rent Prices
In Wood Lake, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Wood Lake, MN, is on
a rollercoaster ride. The
average rent price in Wood Lake, MN,
is $1,213.00. Indeed, when looking to rent in
Wood Lake, MN, you can expect to pay as little
as $570.00 or as much
as $2,380.00,
with the average rent median estimated to
be $1,110.00. The good news is that finding
an affordable and desirable property to rent in Wood Lake, MN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
