Unshakable ZIP Data 56054 | Lafayette, MN Housing Market
Lafayette · Nicollet County · Mankato, MN metro · Minnesota · Data updated June 19, 2026
The median sale price in ZIP 56054, Lafayette, Minnesota is $144,957 at $73 per square foot. 2 single-family homes sold in the latest period, up 3.0 percent from a year earlier. Homes sit a median of 159 days on market with 3.2 months of supply. Sellers are getting 90.4 percent of list price and 0.0 percent of homes sold above asking.
Buyer leverage market. Negotiate hard.
Value anchors
| Metric | Value | Year over year |
|---|---|---|
| Average single-family value | $259,249 | |
| Average price per sq ft | $130 | |
| Median sale price | $144,957 | |
| Median sale price per sq ft | $73 | |
| Median home size | 1,989 sq ft | |
| Median new listing price | $157,652 | -24.9% |
| National size rank | 23,665 |
Sales activity
| Metric | Value | Year over year |
|---|---|---|
| Homes sold | 2 | +3.0% |
| Median days on market | 159 days | |
| Months of supply | 3.2 months | |
| New listings | 3 | +204.6% |
| Active listings | 4 | +102.6% |
| Pending sales | 3 |
Pricing power
| Metric | Value | Year over year |
|---|---|---|
| Average sale-to-list ratio | 90.4% | -10.2 pts |
| Share sold above list | 0.0% | -50.0 pts |
Bedroom value anchors
Average values by bedroom count. Value anchors for orientation, not appraisals.
3-bedroom
$216,864
4-bedroom
$298,439
These figures describe the single-family market for Lafayette, Minnesota ZIP 56054. They are market context, not a substitute for sold comps or a formal appraisal.