46Alpha

Lake of the Woods County, MN Housing Market Brief

county · MN · score computed October 2026

Balanced

What is Lake of the Woods 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.

Price Momentum20%
●2
Inventory Health25%
●82

Population band 1 of 5 (population 475–9,803) · comparable within its band

Affordability20%
●57
Economic Strength20%
●35
Rental Yield15%
●42

Where is Lake of the Woods County, MN in its market cycle?

EmergingGrowingMaturePeakingDecliningRecovering

Lake of the Woods 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 Lake of the Woods County, MN?

County-level forecasts are paused (since Oct 18, 2026). The new public-data model we built to replace them didn't pass our accuracy test, and we won't publish forecasts again until a model does.

Lake of the Woods County, MN housing market data

MetricValueYoYSource
Median Sale Price$145K▼ -27.7%Redfin
Median Days on Market91 days▲ +146%Redfin
Months of Supply5.0▼ -58.3%Redfin
Homes for Sale47▲ +30.6%Redfin
Homes Sold9▲ +200%Redfin
Median Price / Sq Ft$182▲ +59%Redfin

How has Lake of the Woods County, MN’s Alpha Score moved?

Now: 46
2-period trend
Median sale price · 12 mo

Markets like Lake of the Woods County, MN

Frequently asked questions

Is Lake of the Woods County, MN a buyer's or seller's market?

In the scores computed October 2026, Lake of the Woods County, MN is classified as a Balanced Market, based on its Alpha Score of 46 out of 100. The classification reflects current price, building, affordability, economic, and rental-yield conditions.

Are home prices rising or falling in Lake of the Woods County, MN?

The median sale price in Lake of the Woods County, MN is $145K, having fallen 27.7% over the past year, according to Redfin.

How affordable is Lake of the Woods County, MN?

Lake of the Woods County, MN scores 57 out of 100 on affordability — moderately affordable relative to local incomes and prevailing mortgage rates compared with other counties.

What's driving Lake of the Woods County, MN's Alpha Score?

Lake of the Woods County, MN's strongest dimension is Inventory Health (82/100) and its weakest is Price Momentum (2/100). The Alpha Score is a weighted blend of all five dimensions.

Want the live, interactive view of Lake of the Woods County, MN? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.