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Land Foreclosures in Long Lake, MN

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Long Lake, MN Foreclosures

Current Market Conditions in in Long Lake, MN As of February 2026?
In the last month, Long Lake has seen noticeable activity within the real estate market, with a slight uptick in the average sale price reflective of heightened buyer interest. Properties have been selling more quickly, often within a few days after listing, which is indicative of high demand amidst limited inventory. The number of new listings has remained steady, but many homes are being snapped up quickly, leading to a competitive landscape for buyers. This market momentum suggests a strong seasonal trend as families aim to settle into new homes ahead of the school year.
How much do homes sell for in Long Lake, MN?
The average home price is currently $1,140,215.
In Long Lake, MN, how many homes are available?
There are currently 10 active home listings available in Long Lake.
What’s the average rental cost in Long Lake, MN?
The average rental price in Long Lake is $2,837.
What is the most expensive home in Long Lake?
The most expensive home sold in Long Lake had a price of $12,707,006.
What is currently the cheapest priced home in Long Lake, MN?
The cheapest home for sale in Long Lake is priced at $78,029.

Living in Long Lake, MN

Long Lake, MN is a quaint suburb located just west of Minneapolis, offering residents a beautiful lakeside lifestyle with ample outdoor activities and a strong sense of community. Known for its excellent schools, Long Lake combines peaceful living with convenient access to city amenities.

Buyer vs Seller Market in Long Lake, MN

Long Lake's real estate market reflects a competitive environment, with home prices steadily rising due to high demand and low inventory. Recent trends show that homes are selling faster than average, attracting families and young professionals looking for serene suburban living close to urban conveniences. This trend suggests that buyer interest is strong, making it an ideal time for potential sellers to enter the market.

The overall demand for housing in Long Lake has significantly increased as more buyers seek attractive suburban options. Homes, especially those with waterfront views and access, remain highly sought after. The market dynamics may lead to continued price appreciation, making now an advantageous time for investment in this area.

Home Value Estimator For Long Lake, MN

There are currently 2,287 real estate properties in Long Lake, MN, with a median automated valuation model (AVM) price of $788,564.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Long Lake, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Long Lake, MN, is $1,140,215.00, with the most expensive house in Long Lake, MN, topping out at $12,707,006.00 and the cheapest home in Long Lake, MN, clocking in at $78,029.00. In other words, there’s something for every potential homebuyer or savvy investor in Long Lake, MN!

Rent Prices In Long Lake, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Long Lake, MN, is on a rollercoaster ride. The average rent price in Long Lake, MN, is $2,837.00. Indeed, when looking to rent in Long Lake, MN, you can expect to pay as little as $810.00 or as much as $5,060.00, with the average rent median estimated to be $2,670.00. The good news is that finding an affordable and desirable property to rent in Long Lake, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Long Lake, MN Land

Market Trend for Long Lake, MN

Total Listings Available: 10

Market Values:

Home Prices from $78,029 to $12,707,006

Average Sales Price: $1,140,215

Rental Values:

Rental from $810 to $5,060

Average Rent Value: $2,837 / month

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