Lester Prairie, MN

Lester Prairie is a small town located in central Minnesota. The population of Lester Prairie was 1,812 as of the 2010 census. Lester Prairie is located in Clay County and has a population density of only 4 people per square mile. The median household income in Lester Prairie is $68,000 which is considerably higher than the statewide median household income of $54,000.

The real estate market in Lester Prairie is very competitive and there are many homes for sale. The average list price for homes in Lester Prairie is $269,000 and the median home price is $225,000. The average days on the market for homes in Lester Prairie is 47 days and the median price per square foot is $103. There are currently 191 homes for sale in Lester Prairie which represents an inventory of 3 months' worth of inventory.

One reason why the real estate market in Lester Prairie is so competitive is because there are limited housing options available. There are only 191 homes for sale which means that demand outstrips supply by a significant margin. Another reason why the real estate market in Lester Prairie may be more competitive than other areas may be because there are relatively few new home construction projects underway within this community. This could lead to increased demand as potential homebuyers seek to purchase properties within this tight housing market environment.