Mille Lacs County, MN Housing Market Brief
county · MN · as of August 2026
What is Mille Lacs County, MN’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Mille Lacs County, MN in its market cycle?
Mille Lacs County, MN is classified as Declining — cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Mille Lacs County, MN?
Our model forecasts Mille Lacs County, MN’s home prices to rise about 4.6% over the next 12 months (medium confidence).
This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.
Mille Lacs County, MN housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $309K | ▼ -8.4% |
| Median Days on Market | 40 days | ▲ +11.1% |
| Months of Supply | 3.0 | ▼ -16.7% |
| Homes for Sale | 120 | ▼ -4.8% |
| Homes Sold | 41 | ▲ +13.9% |
| Median Price / Sq Ft | $184 | ▼ -1.4% |
How has Mille Lacs County, MN’s Alpha Score moved?
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Frequently asked questions
Is Mille Lacs County, MN a buyer's or seller's market?
As of August 2026, Mille Lacs County, MN is classified as a Balanced Market, based on its Alpha Score of 41 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Mille Lacs County, MN?
The median sale price in Mille Lacs County, MN is $309K, having fallen 8.4% over the past year.
How affordable is Mille Lacs County, MN?
Mille Lacs County, MN scores 48 out of 100 on affordability — moderately affordable relative to local incomes and prevailing mortgage rates compared with other counties.
What's driving Mille Lacs County, MN's Alpha Score?
Mille Lacs County, MN's strongest dimension is Inventory Health (61/100) and its weakest is Economic Strength (16/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Mille Lacs County, MN? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.