Lyon County

A local view of the market.

In Lyon County, Minnesota, the real estate market has seen some fluctuations in 2024. The median listing home price in October 2024 was $235,000, with homes selling for a median price of $240,000. This represents a slight decrease of 6% year-over-year, indicating a buyer's market where the supply of homes exceeds demand. The top cities in Lyon County include Marshall, Tracy, and Balaton. Marshall is the largest city, with a population of approximately 13,680, and it serves as the county seat. Tracy, with a population of around 2,100, is known for its small-town charm. Balaton is smaller, with a population of about 630, offering a more rural lifestyle. Living in Lyon County offers a mix of rural and suburban experiences, with agriculture playing a significant role in the local economy. The county is characterized by its agricultural landscape, with many residents involved in farming and related industries. The suburban areas, particularly around Marshall, provide more urban amenities. People are drawn to Lyon County for its affordable housing, community-focused living, and the opportunity to enjoy a peaceful rural lifestyle while still having access to essential services and industries.