Lester Prairie's real estate market is experiencing a price correction, with values down 7.0% from last year. Home prices have increased 36.1% in the past month alone. At the current pace, all available homes in Lester Prairie would sell out in just 1.0 months, indicating a continued supply shortage. Homes are now taking an average of 56 days to sell, significantly longer than the 34 days typical for this market. A significant 100.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Lester Prairie market with the affordability index at 752.9. Based on current market indicators, home prices in Lester Prairie are projected to decrease by approximately 7.4% over the next month.