Forest Lake Real Estate Market Report: March 2025
In March 2025, the median sale price in Forest Lake was $402,500.
- Median Sales Price
- $402,500
- No prior comparison
- Homes for Sale
- 59
- No prior comparison
- Months Supply
- 2.7
- No prior comparison
- Seller's market
- Days on Market
- 75
- No prior comparison
- Closed Sales
- 14
- No prior comparison
- Percent of Original List Received
- 97%
- No prior comparison
What this means
The median sale price is currently $402,500.
Homes are averaging 75 days on market, and sellers are receiving 97% of their original asking price.
The area is currently a seller's market with 2.7 months of supply. There are currently 59 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.
Common questions about the Forest Lake market
Is Forest Lake a buyer's or seller's market?
Forest Lake was a seller's market in March 2025, with 2.7 months of supply. Under about 3 months generally favors sellers, 3 to 6 months is considered balanced, and over 6 months favors buyers. There were 59 homes for sale.
How fast are homes selling in Forest Lake?
Homes that sold in March 2025 spent an average of 75 days on market. Sellers received 97% of their original list price on average.
Market trends in Forest Lake
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| August 2024 | $402,000 | 34 | 47 | 2.7 |
| September 2024 | $422,000 | 27 | 28 | 2.4 |
| October 2024 | $380,000 | 21 | 41 | 3 |
| November 2024 | $370,000 | 19 | 51 | 2.7 |
| December 2024 | $387,500 | 19 | 48 | 2.2 |
| January 2025 | $361,750 | 15 | 57 | 2.1 |
| February 2025 | $377,500 | 14 | 82 | 2.2 |
| March 2025 | $402,500 | 14 | 75 | 2.7 |
How Forest Lake compares with the Twin Cities region
In March 2025, the median sale price in Twin Cities (16-County Region) was $380,000.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published August 24, 2026.
Report published .
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