The typical home value in
Lake of the Woods
is projected to be
$166,500
for the month of
October.
September’s
finalized data reported the typical value of a home in the
city
to be
$386,000—down
26.48%
over the previous 12 months.
For comparison,
county-level
data pegged home values at
$402,500
in
Navajo County
for the most recent reporting period.
That number is expected to float around
$383,750
in
October.
Lake of the Woods
had
8
new listings and
9
listings that went under contract in
September,
decreasing
the area’s total available inventory to
32—down
3.03%
from the previous month. Inventory is projected to have further
decreased
in
October.
Of those
32
active listings,
40.63%
reduced their price in the month of
September.
The median listing price for homes in
Lake of the Woods
grew
31.16%
from
August
to
September,
bringing the current median listing price to
$524,500.
Based on projected data for
October,
listing prices may continue to
grow.
The number of days that homes have been on the market prior to going under contract
fell sharply
year-over-year. In
September 2025,
the median time for a listed property to go pending was
75
days, compared to
114
days in
September 2024.
However, in recent months the median number of days from listed to pending appears to be
rising.
That trend is predicted to have carried through to this
October.
