Forest Lake Real Estate Market Report: October 2025
In October 2025, the median sale price in Forest Lake was $381,000, essentially unchanged from a year earlier.
- Median Sales Price
- $381,000
- +0.3% vs. October 2024
- Homes for Sale
- 67
- -4.3% vs. October 2024
- Months Supply
- 2.9
- -3.3% vs. October 2024
- Seller's market
- Days on Market
- 70
- +70.7% vs. October 2024
- Closed Sales
- 19
- -9.5% vs. October 2024
- Percent of Original List Received
- 97.6%
- +2.5 pts vs. October 2024
What this means
Home values are holding steady within one percent of last year, with a median sale price of $381,000.
Homes are selling 29 days longer than last year, averaging 70 days on market, and sellers are receiving 97.6% of their original asking price.
The area is currently a seller's market with 2.9 months of supply. Active inventory is down 4% from last year to 67 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 October 2025, with 2.9 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 67 homes for sale.
How fast are homes selling in Forest Lake?
Homes that sold in October 2025 spent an average of 70 days on market, 29 days slower than a year earlier. Sellers received 97.6% of their original list price on average.
Are home prices going up in Forest Lake?
Prices were essentially flat, with a median sale price of $381,000.
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 |
| April 2025 | $400,000 | 23 | 48 | 2.6 |
| May 2025 | $452,500 | 27 | 38 | 3 |
| June 2025 | $436,000 | 36 | 43 | 3.1 |
| July 2025 | $425,000 | 27 | 76 | 3.3 |
| August 2025 | $384,900 | 31 | 31 | 3 |
| September 2025 | $444,900 | 25 | 37 | 3.1 |
| October 2025 | $381,000 | 19 | 70 | 2.9 |
How Forest Lake compares with the Twin Cities region
In October 2025, the median sale price in Twin Cities (16-County Region) was $389,900, up 2.1% from a year earlier.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published August 24, 2026.
Report published .
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