Forest Lake Real Estate Market Report: September 2026
In September 2026, the median sale price in Forest Lake was $487,400, up 10.2% from a year earlier.
- Median Sales Price
- $487,400
- +10.2% vs. September 2025
- Homes for Sale
- 85
- +18.1% vs. September 2025
- Months Supply
- 3.4
- +3% vs. September 2025
- Balanced market
- Days on Market
- 67
- +81.1% vs. September 2025
- Closed Sales
- 16
- -38.5% vs. September 2025
- Percent of Original List Received
- 98.9%
- +0.7 pts vs. September 2025
What this means
The median sale price has increased by 10% from last year to $487,400.
Homes are selling 30 days longer than last year, averaging 67 days on market, and sellers are receiving 98.9% of their original asking price.
The area is currently a balanced market with 3.4 months of supply. Active inventory is up 18% from last year to 85 homes for sale.
In a balanced market, neither side has a steep advantage, making careful pricing for sellers and steady negotiation for buyers the key to success.
Common questions about the Forest Lake market
Is Forest Lake a buyer's or seller's market?
Forest Lake was a balanced market in September 2026, with 3.4 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 85 homes for sale.
How fast are homes selling in Forest Lake?
Homes that sold in September 2026 spent an average of 67 days on market, 30 days slower than a year earlier. Sellers received 98.9% of their original list price on average.
Are home prices going up in Forest Lake?
Yes. The median sale price rose 10.2% year over year to $487,400. Price per square foot moved in the same direction (from $214 to $216), which suggests a real change in values rather than a shift in the mix of homes sold.
Market trends in Forest Lake
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| 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 | $442,450 | 26 | 37 | 3.3 |
| October 2025 | $381,000 | 19 | 70 | 2.9 |
| November 2025 | $429,900 | 30 | 49 | 2.3 |
| December 2025 | $457,500 | 22 | 72 | 2 |
| January 2026 | $382,000 | 13 | 42 | 1.9 |
| February 2026 | $429,900 | 13 | 61 | 2 |
| March 2026 | $415,000 | 20 | 75 | 2.2 |
| April 2026 | $405,000 | 30 | 65 | 2.9 |
| May 2026 | $469,950 | 34 | 56 | 2.7 |
| June 2026 | $433,750 | 30 | 46 | 2.5 |
| July 2026 | $434,900 | 31 | 39 | 2.8 |
| August 2026 | $418,500 | 39 | 55 | 2.6 |
| September 2026 | $487,400 | 16 | 67 | 3.4 |
How Forest Lake compares with the Twin Cities region
In September 2026, the median sale price in Twin Cities (16-County Region) was $395,000, up 1.3% from a year earlier.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published October 12, 2026.
Report published .
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