Year-over-year, Mille Lacs County home values are slightly higher, with the typical home value up a bit more than 1 percent. Asking prices have pushed up more sharply, with the median list price rising over 17 percent from a year ago. Inventory has grown modestly, as active listings are up slightly compared to last May.
In the latest monthly snapshot for May 2026, buyers saw about 153 homes on the market and a median list price of roughly $351,000. Homes are taking longer to sell than a year ago, with median days on market jumping significantly even though they dropped sharply compared with April.
Sales activity has eased back compared to last year, as homes sold, new listings, and pending sales are all down on a yearly basis. Months of supply has climbed to 4.4, well above the Minnesota state level of 2.6 months, suggesting more options locally than in the broader state market. Despite that, pricing power remains fairly steady, with the average sale-to-list ratio right at 100 percent and about a quarter of homes still selling above asking. With these mixed signals for pricing, speed, and inventory, both buyers and sellers can benefit from Agent Pronto’s help in finding a Mille Lacs County agent who understands the current dynamics.
