Is $245,000 a good price for a home in Detroit Lakes?

According to BuyPulse, 332 Oak Street rates Excellent Value — at $158/sqft it's priced 31% below the typical Detroit Lakes single-family home of $230/sqft. Its negotiating-position score is 80/100 (Strong buyer leverage), weighed on days on market, comparable inventory, and how Detroit Lakes homes are closing versus list. Powered by the Realgorithm™.

Does 332 Oak Street have a basement?

Yes, 332 Oak Street has a basement with 255 sq ft of below-grade space.

What type of heating and cooling does 332 Oak Street have?

332 Oak Street has Forced Air heating and Window Unit(s) cooling.

Where is 332 Oak Street located?

332 Oak Street is in the Holmes neighborhood of Detroit Lakes, MN 56501, in Becker County.

Is 332 Oak Street still available?

Yes — 332 Oak Street is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.

When was 332 Oak Street built?

332 Oak Street was built in 1915. It features frame construction, an architectural shingle roof, and a block foundation.

Does 332 Oak Street have main-floor laundry?

No — the laundry at 332 Oak Street is in the lower level.

How many homes like 332 Oak Street are for sale in Detroit Lakes?

23 similar homes (single-family homes between $184K and $306K in Detroit Lakes) are for sale right now — you have options.

What does "M Markdowns" mean?

M Markdowns™ is Modern Market REALTORS®’ real estate tracker of homes for sale with verified MLS price reductions across the Fargo-Moorhead metro and Minnesota lake country. Every reduction is sourced directly from NorthstarMLS — minimum $2,000 drop to filter noise.

What does "BuyPulse" mean?

BuyPulse™ is Modern Market REALTORS®’ live market-data brand for Fargo-Moorhead: cohort statistics — homes for sale, median days to pending, and share of sales closing at or over list price — computed from real NorthstarMLS closings, not estimates.

What does "Realgorithm™" mean?

The Realgorithm™ is Modern Market REALTORS®’ proprietary market-data engine — it computes every BuyPulse verdict from real NorthstarMLS closings (comparable active inventory, median days to pending, and sale-to-list price ratio) rather than an automated online estimate.

1915 single family home for sale at 332 Oak Street in Detroit Lakes, MN — 3 bed, 2 bath (photo 1 of 61)

1915 single family home for sale at 332 Oak Street in Detroit Lakes, MN — 3 bed, 2 bath (photo 2 of 61)

1915 single family home for sale at 332 Oak Street in Detroit Lakes, MN — 3 bed, 2 bath (photo 3 of 61)

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1915 single family home for sale at 332 Oak Street in Detroit Lakes, MN — 3 bed, 2 bath (photo 61 of 61)

332 Oak Street, Detroit Lakes, MN 56501

3 Beds | 2 Baths | 1,551 Sq Ft | Single Family Home | MLS# 7136148

M Markdowns — Price Reduced — was $255,000 (↓ $10,000)

$245,000

$1,540/month Estimated

Principal & interest: $1,239
Property taxes: $158
Home insurance (est.): $143
HOA dues: None

20% down ($49,000) · 30-yr fixed, 6.5% · Can I afford this home?

Estimates only; confirm before you offer.

Detroit Lakes, MN Active

Located in Holmes 4th Add, Detroit Lakes, MN.

About This Home

Quaint charm in the heart of town! This charming 3-bedroom, 2-bath home is full of character and warmth. Enjoy your morning coffee on the covered front porch or relax on the back deck. Inside, you’ll find beautiful original woodwork, a comfortable living area, and a charming dining room with a lovely built-in display wall. The basement provides additional space for recreation, storage, or hobbies. A detached 22x26 2-car garage adds convenient parking and storage. Recent updates include shingles, LP SmartSide siding, windows, decks, and a new water heater. This lovely home is clean, fresh, and ready for your personal touches! Don't miss out call your favorite realtor today.

BuyPulse · Live market read

How 332 Oak Street Compares to the Detroit Lakes Market

At $158/sqft, this home is priced $72/sqft below the typical Detroit Lakes single-family home of $230/sqft.

The median list price in Detroit Lakes is $449,000.

Verdict: Excellent Value

Your negotiating position

80 Strong buyer leverage

Seller's market · Balanced · Buyer leverage

Day 50 — Detroit Lakes homes overall typically go under contract by day ~22. This one is past that window.

23 similar homes for sale — alternatives if they won't move.

This seller already cut $10,000 — the asking price has already moved.

Homes like this one — single-family homes between $184K and $306K in Detroit Lakes:

The field: 23 similar Detroit Lakes homes for sale — you have options.
Price cuts: 16 of 23 similar homes have trimmed asking — median trim $10,450. This one already cut $10,000.
Too few have sold recently to chart how fast they go or how they close — BuyPulse won't estimate those off a thin sample.

Key Features

Built: 1915
Garage: 2-Car Detached
Style: One and One Half
HOA: None
Annual Taxes: $1,900 (2026)

Property Details

Property Type: Single Family
Above Grade Sq Ft: 1,296
Below Grade Sq Ft: 255
Lot Size: 0.26 acres
Basement: Yes
Roof: Architectural Shingle
Construction: Frame
County: Becker
List Date: 2026-09-07
Days on Market: 50 days
Parcel ID: 491402001

Financial

Total Tax incl. Assessments: $1,900

Home Systems & Utilities

Heating: Forced Air
Cooling: Window Unit(s)
Electric: 200+ Amp Service
Water: City Water - In Street
Sewer: City Sewer - In Street
Appliances: Dishwasher, Dryer, Gas Water Heater, Range, Refrigerator, Washer, Water Softener Owned

Interior Features

Laundry: In Basement, Electric Dryer Hookup, Sink, Washer Hookup

Construction & Exterior

Construction & Structure

Foundation Type: Block
Foundation Area: 792 sqft
Total Building Area: 2,016 sqft

Exterior Features

Exterior Features: Engineered Wood
Accessibility Features: None

Parking & Garage

Parking Features: Detached Garage, Electric

Lot & Land

Lot Features: Corner Lot
Road Surface: City Street
Zoning Description: Residential-Single Family

Agent & Office

List Office: Counselor Realty Detroit Lakes

Price History

Price reduced to $245,000 — Sep 16, 2026

332 Oak Street is listed in Detroit Lakes, MN, part of Becker County. Browse all Minnesota homes for sale on Modern Market REALTORS®.

Showing — 332 Oak Street

Shannon Barnum

Associate Broker · Modern Market REALTORS®

Your Detroit Lakes real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.

See all Detroit Lakes homes ›

Listed by Counselor Realty Detroit Lakes · Shown by Modern Market REALTORS®

Schedule a Home Tour

First-Time Home Buyer Guide for Fargo-Moorhead — ND/MN buyer programs, budgeting, and the 7-step process.

View Full Listing & Photos

MLS# 7136148 · Updated September 16, 2026

Similar Homes for Sale Near 332 Oak Street, Detroit Lakes, MN

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Frequently Asked Questions About 332 Oak Street

Is $245,000 a good price for a home in Detroit Lakes?: According to BuyPulse, 332 Oak Street rates Excellent Value — at $158/sqft it's priced 31% below the typical Detroit Lakes single-family home of $230/sqft. Its negotiating-position score is 80/100 (Strong buyer leverage), weighed on days on market, comparable inventory, and how Detroit Lakes homes are closing versus list. Powered by the Realgorithm™. Browse Detroit Lakes homes for sale to compare.
Does 332 Oak Street have a basement?: Yes, 332 Oak Street has a basement with 255 sq ft of below-grade space.
What type of heating and cooling does 332 Oak Street have?: 332 Oak Street has Forced Air heating and Window Unit(s) cooling.
Where is 332 Oak Street located?: 332 Oak Street is in the Holmes neighborhood of Detroit Lakes, MN 56501, in Becker County.
Is 332 Oak Street still available?: Yes — 332 Oak Street is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
When was 332 Oak Street built?: 332 Oak Street was built in 1915. It features frame construction, an architectural shingle roof, and a block foundation.
Does 332 Oak Street have main-floor laundry?: No — the laundry at 332 Oak Street is in the lower level.
How many homes like 332 Oak Street are for sale in Detroit Lakes?: 23 similar homes (single-family homes between $184K and $306K in Detroit Lakes) are for sale right now — you have options.
What does "M Markdowns" mean?: M Markdowns™ is Modern Market REALTORS®’ real estate tracker of homes for sale with verified MLS price reductions across the Fargo-Moorhead metro and Minnesota lake country. Every reduction is sourced directly from NorthstarMLS — minimum $2,000 drop to filter noise.
What does "BuyPulse" mean?: BuyPulse™ is Modern Market REALTORS®’ live market-data brand for Fargo-Moorhead: cohort statistics — homes for sale, median days to pending, and share of sales closing at or over list price — computed from real NorthstarMLS closings, not estimates.
What does "Realgorithm™" mean?: The Realgorithm™ is Modern Market REALTORS®’ proprietary market-data engine — it computes every BuyPulse verdict from real NorthstarMLS closings (comparable active inventory, median days to pending, and sale-to-list price ratio) rather than an automated online estimate.

Local Companies to Help You Settle In

From inspection to closing to moving day, here are well-known local companies serving the Detroit Lakes area.

Listings courtesy of NorthstarMLS as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 10/27/2026, 7:54 AM CDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.