Forest Lake, MN Real Estate Market Summary – September 8, 2026
In the Forest Lake market, a total of 35 homes were sold over the last 30 days, indicating a pace of approximately 1.17 homes sold per day. The average living area of these homes was around 2,295 square feet, with an average sale price of $580,646.
| Metric | 30 Days |
|---|---|
| Number Sold | 35 |
| Sold Per Day | 1.17 |
| Average SQFT | 2295 |
| Median Sales Price | $425,000 |
| Average Sales Price | $580,646 |
| Average Price Per SQFT | $234 |
| Average Days on Market | 17 |
| Average Year Built | 1991 |
Forest Lake, MN Single Family Home Analysis
For single-family homes, 25 properties changed hands with an average living area of 2,667 square feet and an average sale price of $695,424. Homes in this category averaged 17 days on the market before sale.
| Metric | 30 Days |
|---|---|
| Number Sold | 25 |
| Sold Per Day | 1 every 1.20 days |
| Average SQFT | 2667 |
| Median Sales Price | $490,000 |
| Average Sales Price | $695,424 |
| Average Price Per SQFT | $241 |
| Average Days on Market | 17 |
| Average Year Built | 1988 |
Forest Lake, MN Condo & Townhome Analysis
Ten condo and townhome units were sold, with an average living area of 1,403 square feet and an average sale price of $293,700. These properties typically took about 17 days to sell.
| Metric | 30 Days |
|---|---|
| Number Sold | 10 |
| Sold Per Day | 1 every 3.00 days |
| Average SQFT | 1403 |
| Median Sales Price | $309,450 |
| Average Sales Price | $293,700 |
| Average Price Per SQFT | $216 |
| Average Days on Market | 17 |
| Average Year Built | 1999 |
Buyer & Seller Analysis
- 35 homes sold in the last 30 days
- Average days on market for all properties was 17
- Average sale price across all segments is $580,646
- 2 segments had zero change in velocity from previous report.
Conclusion
Forest Lake’s real estate market reflects a steady activity level, with both single-family homes and condos showing consistent performance in the number of sales. Buyers and sellers can expect a competitive environment based on the recent trends.