Homes for Sale in Forest Lake, MN

Here is where the Forest Lake market stood in August 2026. The median sale price has increased by 9% from last year to $418,500, and a similar trend in price per square foot suggests this is a real move in values rather than a change in the mix of homes selling. Homes are selling 24 days longer than last year, averaging 55 days on market, and sellers are receiving 97.2% of their original asking price. The area is currently a seller's market with 2.6 months of supply. Active inventory is up 1% from last year to 68 homes for sale.

In this seller's market, buyers should be prepared to act quickly, while sellers can generally expect strong interest if priced correctly.

In Forest Lake, homes were most commonly built in 2000-2009, about 73% of occupied homes are owner-occupied, and the average commute is 24 minutes. Roughly 61% of homes are single-family detached, and the median home was built in 1988.

Homeowners with a mortgage typically spend $2,141 a month on housing costs, similar to the Twin Cities metro and the median property tax bill is $3,751 a year.