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Foreclosure Homes in Medicine Lake, MN

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Medicine Lake, MN Foreclosures

How much do homes sell for in Medicine Lake, MN?
The average home price is currently $1,133,789.
What’s the average rental cost in Medicine Lake, MN?
The average rental price in Medicine Lake is $2,923.
What is the most expensive home in Medicine Lake?
The most expensive home sold in Medicine Lake had a price of $2,227,023.
What is currently the cheapest priced home in Medicine Lake, MN?
The cheapest home for sale in Medicine Lake is priced at $398,228.

Living in Medicine Lake, MN

Medicine Lake, MN, is a peaceful suburb offering beautiful lakeside amenities, excellent outdoor activities, and a strong community spirit. With access to top educational institutions and recreational facilities, it's an ideal location for families and nature enthusiasts alike. The area's proximity to Minneapolis adds urban conveniences while maintaining a tranquil atmosphere.

Current Market Conditions in Medicine Lake, MN

The real estate market in Medicine Lake has shown steady growth over recent years, with a strong demand for single-family homes. Home prices have been on the rise due to the attractive environment and community-driven amenities, appealing to families and individuals seeking a serene lifestyle near the city.

Currently, the market remains competitive, with low inventory levels leading to faster sales and increased property values. Investors are finding opportunities in both rental properties and homes for resale, as more buyers are seeking the comfort and tranquility that Medicine Lake provides.

Home Value Estimator For Medicine Lake, MN

There are currently 98 real estate properties in Medicine Lake, MN, with a median automated valuation model (AVM) price of $1,133,072.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Medicine 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 Medicine Lake, MN, is $1,133,789.00, with the most expensive house in Medicine Lake, MN, topping out at $2,227,023.00 and the cheapest home in Medicine Lake, MN, clocking in at $398,228.00. In other words, there’s something for every potential homebuyer or savvy investor in Medicine Lake, MN!

Rent Prices In Medicine Lake, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Medicine Lake, MN, is on a rollercoaster ride. The average rent price in Medicine Lake, MN, is $2,923.00. Indeed, when looking to rent in Medicine Lake, MN, you can expect to pay as little as $1,610.00 or as much as $4,370.00, with the average rent median estimated to be $3,010.00. The good news is that finding an affordable and desirable property to rent in Medicine 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.

Medicine Lake, MN Foreclosures

Market Trend for Medicine Lake, MN

Total Listings Available: 0

Market Values:

Home Prices from $398,228 to $2,227,023

Average Sales Price: $1,133,789

Rental Values:

Rental from $1,610 to $4,370

Average Rent Value: $2,923 / month

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