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ZIP 56054 in Lafayette, MN: housing market trends

The median home sale price in ZIP 56054 in Lafayette, MN was $224,934 for the three-month period ending September 2026. Sale prices were 11.8% lower than the same period one year earlier. These are area-level statistics; changes in the mix of homes sold can move the median.

Median sale price
$224,934
three-month period ending September 2026
Median sale price per sq ft
$92.57
three-month period ending September 2026
Active listings
6
three-month period ending September 2026
Typical monthly rent
Unavailable
Rent index · unavailable date

How is housing inventory changing?

There were 6 active listings for the three-month period ending September 2026. Active listings were 20.0% higher than the same period one year earlier. This counts homes active at any time during the period, not only those available on its final day.

How long are homes taking to sell?

The median time on market was 8 days for the three-month period ending September 2026. Sale prices, inventory, and selling time describe different parts of the market; none alone establishes what an individual home will sell for.

Home prices by property type

Published Redfin medians for each home type. Each row covers the three-month period ending in its listed month; missing values remain unavailable.

Property-type comparison for ZIP 56054 in Lafayette, MN
Home typePeriod endingMedian sale priceSale price / sq ftHomes sold
All homesSeptember 2026$224,934$92.571 · small sample
Single-familySeptember 2026$224,943$92.571 · small sample

Compare nearby housing markets

Published city and place figures. Check each row’s reporting period and source before comparing; these are separate markets, not neighborhood boundaries.

Nearby market comparison for ZIP 56054 in Lafayette, MN
MarketMedian sale priceReporting period / source
Lafayette, MN$224,8933 months ending September 2026 · Redfin
Winthrop, MN$189,8103 months ending September 2026 · Redfin
New Ulm, MN$258,8773 months ending September 2026 · Redfin
Gibbon, MN$130,9383 months ending September 2026 · Redfin
Courtland, MN$400,0003 months ending August 2026 · Redfin
Gaylord, MN$273,8703 months ending September 2026 · Redfin

Recent sale-price history

All residential home types. Each row represents an overlapping three-month period ending in that month. Use the charts above for the full available history and home-type filters. Missing values remain unavailable.

Recent home sale prices for ZIP 56054 in Lafayette, MN
Period endingMedian sale priceSale price / sq ftActive listings
September 2026$224,934$92.576
August 2026$225,000$92.594
July 2026$212,500$84.884
June 2026$145,000$72.885
May 2026$145,000$72.885
April 2026$128,000$85.033
March 2026$166,000$101.473
February 2026$152,950$96.574
January 2026$139,900$91.684
December 2025$117,000$84.924
November 2025$219,500$125.765
October 2025$209,900$162.875
September 2025$254,950$185.245
August 2025$209,900$207.626
July 2025UnavailableUnavailable4
June 2025$239,900$151.932
May 2025$245,450$137.372
April 2025$245,450$137.373
March 2025$251,000$122.803
February 2025UnavailableUnavailable3
January 2025UnavailableUnavailable3
December 2024UnavailableUnavailable1
November 2024UnavailableUnavailable1
October 2024UnavailableUnavailable1

Sources and definitions

Sale-price and property-type histories use Redfin where available. Redfin observations cover rolling three-month periods. Zillow Research supplies monthly home-value and rent indices and additional market series. Provider selection is shown in the chart details. Each metric retains its own reporting date.

Sale price per square foot describes completed sales with reported floor area; it is not a listing-price measure. Active listings count listings active during the reporting period. Home values and rents are typical-value indices, not sale-price or rent medians. ZIP map boundaries are Census ZCTAs and may differ from provider regions. Related ZIP associations do not imply containment within city boundaries.

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