Long Lake, MN Home Values & Market Trends

Real estate market trends reflect that there have been 104 transactions over the past year in Long Lake. The median value for residential home transactions that occurred over the previous year is $715,283.22. The number of current listings in Long Lake is 17, and the percentage of properties for sale in the city is 17.00%. Long Lake, MN currently has 2 properties in foreclosure, 0 bank owned properties, 2 properties headed for auction, and 17 properties for sale.

Long Lake, MN Real Estate Market Overview

ZipMedian Est. Value
55356

$ 978,561

$ 267/sqft

Housing Market Summary for Long Lake, MN

Apr 2023March 2024Change
Median Listing Price$716.3K$614.9K-14.15%
Median Sold Price$636.6K$614.9K-3.41%
Homes For Sale141614.29%
Homes Sold7248-33.33%
Price
$/Sqft
Homes For Sale
0
0

Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

0
0

Browse Homes in Long Lake, MN

Long Lake home values range from $56,381 to $12,489,846. The median estimated value of a home in Long Lake is $715,283.22. The median list price of a home is 669,000, and the total count of properties in the city is 2,064.

Foreclosure
There is 1 zips within Long Lake, MN; within this zips, the median estimated home value for homes in foreclosure ranges from $285,592 in 55356 to the lowest value of $190,149 in 55356. Foreclosure homes account for 0.00% of properties in Long Lake, MN with 55356 containing 2 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Long Lake, MN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Long Lake, MN; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Long Lake, MN ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Long Lake, MN. There is 1 zips within Long Lake, MN; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    55356 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Long Lake, MN. Auction homes and other auction properties account for 0.10% of all properties in Long Lake, MN. There is 1 zips within Long Lake, MN; of that zips, the median estimated home value for homes going to auction ranges from $285,592 in 55356 to the lowest value of $190,149 in 55356.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.82% of residential properties in Long Lake, MN with 55356 containing 17 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Long Lake, MN; homes for sale in that zips, have a range of median values from $3,504,642 in 55356 to the lowest value of $190,149 in 55356.
    Sold Homes
    The median value for recently sold homes ranges from $3,475,500 in 55356 to the lowest price of $140,055 in 55356. There is 1 zips within Long Lake, MN. 55356 has 55 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.66% of properties in Long Lake, MN.

      Compare Nearby Cities

      Price
      $/Sqft
      Homes For Sale
      0
      0
      Long Lake, MN
      $
      $

      Guide for Long Lake, MN

      Market Reports
      Saint Paul Real Estate Market Shows Steady Growth Through 2023-2024
      Market Reports
      Minneapolis’ Real Estate Market Faces Value Dip, February 2024
      Home Buying Financing
      How To Make Adjustments to Your Household Budget When Interest Rates Are High
      Home Buying Guides & Tips
      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      See More Articles
      Saint Paul Real Estate Market Shows Steady Growth Through 2023-2024
      Market Reports|posted 26 March 2024

      Overview of the real estate trends in Saint Paul over the past year, analyzing various aspects like sale prices, property values, market activity, and market dynamics on a monthly basis, discussing influences such as economic conditions, interest rates, seasonal changes, and local employment levels.

      Minneapolis’ Real Estate Market Faces Value Dip, February 2024
      Market Reports|posted 14 March 2024

      The article provides a comprehensive analysis of real estate market trends in Minneapolis and its surrounding cities, highlighting various shifts in property values and sales. The observations reflect a diverse and dynamic market catering to varying buyer preferences and budgets.

      How To Make Adjustments to Your Household Budget When Interest Rates Are High
      Home Buying Financing|posted 23 April 2024

      Sometime we need to make changes to our budget to cope with higher interest rates. Here are some tips!

      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Home Buying Guides & Tips|posted 23 April 2024

      When house prices increase near good school, what options do home buyer have?