$135,900
185 Ave SE
Big Lake, MN
0 ba
Land10.17 acres
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Sarah Mitchell
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Compass Real Estate · Big Lake, MN
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Big Lake, MN(512) 555-0184TX License #0512847
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Big Lake, MN Housing Market
Strong seller's market+2.2% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Big Lake, MN is worth $376,679, rose 2.2% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $337,850, +10.8% year over year (through May 2026). With 1.0 months of supply and homes going under contract in about 21 days, Big Lake is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $376,679 home is about $2,011/mo in principal and interest.
Key numbers for Big Lake, MN
Typical home value
$376,679
+2.2% in 12 months
Zillow, August 2026
Typical asking rent
$1,480/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$337,850
+10.8% year over year
Redfin, through May 2026
Days on market
21
Average pace
Redfin, through May 2026
Active listings
19
1.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$113,333
Home costs 3.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.3%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Big Lake a buyer's or seller's market?
Strong seller's market1.0 months of supply21 days on market100.3% of asking
Big Lake, MN is a strong seller's market, based on 1.0 months of supply and homes selling in about 21 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Big Lake housing market data show?
Every row below is Redfin's final published month for Big Lake, MN. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $337,850 |
| Median list price | $372,750 |
| Year-over-year price change | +10.8% |
| Median price per sq ft | $177/sq ft |
| Median days on market | 21 days |
| Active inventory | 19 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 100.3% |
| Homes sold (that month) | 20 |
| New listings (that month) | 15 |
| Listings with a price cut | 21.1% |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Big Lake is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Big Lake is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Big Lake home prices moved?
Over the last three years the median sale price in Big Lake, MN rose 8.6%, from $311,000 to $337,850. The live Zillow value series has rose 2.2% in the last 12 months, which is the more current read now that Redfin's series has stopped. 21.1% of Big Lake listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 1.0 months while the sale-to-list ratio slips below its current 100.3%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Big Lake?
Priced off the typical home value of $376,679 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $75,336 | $301,344 | $2,011/mo |
| 5% | $18,834 | $357,845 | $2,388/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,011, that implies roughly $86,182 a year before you add taxes and insurance. The median household in Big Lake earns $113,333, about $27,151 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.3x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Big Lake in the next 12 months?
Tell us your timeline. We send the Big Lake market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Big Lake?
Typical asking rent in Big Lake, MN is $1,480/mo, against a typical home value of $376,679. That is a price-to-rent ratio of 21.2x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $2,011 a month — $531 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Big Lake?
Active listings in Big Lake, MN went from 24 in May 2025 to 19 in May 2026, a -20.8% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 23 | 23 |
| July 2025 | 24 | 17 |
| August 2025 | 32 | 26 |
| September 2025 | 36 | 23 |
| October 2025 | 29 | 15 |
| November 2025 | 20 | 9 |
| December 2025 | 15 | 8 |
| January 2026 | 21 | 10 |
| February 2026 | 26 | 17 |
| March 2026 | 19 | 15 |
| April 2026 | 22 | 27 |
| May 2026 | 19 | 15 |
Redfin, through May 2026
How does Big Lake compare to Minnesota and the U.S.?
Big Lake homes sell for $337,850 — 9% below the Minnesota median of $372,300. Against the national median of $410,700, Big Lake runs 18% lower. Year-over-year, Big Lake moved +10.8% against Minnesota's +1.3% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Big Lake, MN | $337,850 | +10.8% | 21 days |
| Minnesota statewide | $372,300 | +1.3% | 25 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Big Lake
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 21.1%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $377 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $376,679 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Big Lake listing goes under contract in 21 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.3% of asking. Price at the number you want and let competition do the rest.
- In the last published month Big Lake added 15 new listings against 20 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +2.2% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Big Lake varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Big Lake
There are currently 19 homes listed for sale in Big Lake, Minnesota. The median listing price is $373K. Featured listings range from $135,900 to $675,000.
$180,000
25421 167th St NW
Big Lake, MN
2 bd1 ba641 sqft$281/ft²
House3,920 sqft lot
View photos & details
$225,000
864 Brower Dr
Big Lake, MN
2 bd1 ba1,060 sqft$212/ft²
House1.01 acres
View photos & details
$274,900
18016 Walnut Cir
Big Lake, MN
3 bd2 ba1,620 sqft$170/ft²
Townhouse
View photos & details
$274,900
18018 Walnut Cir
Big Lake, MN
3 bd2 ba1,620 sqft$170/ft²
Townhouse
View photos & details
$325,000
19235 Engle Wood Dr
Big Lake, MN
3 bd2 ba1,560 sqft$208/ft²
House12,632 sqft lot
View photos & details
$350,000
220 Euclid Ave
Big Lake, MN
1 bd1 ba
House16,988 sqft lot
View photos & details
$355,000
19041 Gunter Way
Big Lake, MN
4 bd3 ba2,281 sqft$156/ft²
House10,454 sqft lot
View photos & details
$525,000
12183 180th Ave SE
Big Lake, MN
5 bd3 ba2,603 sqft$202/ft²
House3.17 acres
View photos & details
$589,900
24035 187th St NW
Big Lake, MN
5 bd4 ba3,395 sqft$174/ft²
House25,265 sqft lot
View photos & details
$599,900
19009 236th Ave NW
Big Lake, MN
4 bd3 ba3,087 sqft$194/ft²
House2.57 acres
View photos & details
$675,000
18931 180th Ave NW
Big Lake, MN
5 bd4 ba3,620 sqft$186/ft²
House1.08 acres
View photos & details
Looking to buy in Big Lake?
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Active listings
19
Homes on market
Median list price
$373K
Avg. days on market
21
Days until sale
New this week
15
Newly listed
Price drops:21.1%of listings
Sale-to-list:100.3%
How much do homes cost in Big Lake by property type?
How the Big Lake, MN market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $350,000 | $178/sq ft | 15 | 16 days |
| Townhouse | $299,900 | $155/sq ft | 5 | 98 days |
Who lives in Big Lake?
American Community Survey estimates for Big Lake. U.S. Census ACS, 2023
Population
12,115
Households
3,970
Median income
$113,333/yr
Median age
31.7 years
Owner-occupied
86.6%
Median home value
$291,700
Median gross rent
$1,417/mo
Mean commute
32.1 min
86.6% of occupied homes in Big Lake are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $291,700 against Zillow's $376,679 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,417/mo, below Zillow's $1,480/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Big Lake?
7 schools tracked · 3,186 students
The largest public schools serving Big Lake, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
BIG LAKE SENIOR HIGH
Grades 9-12 · 850 students
LIBERTY ELEMENTARY
Grades PK-2 · 760 students
INDEPENDENCE ELEMENTARY
Grades 3-5 · 694 students
BIG LAKE MIDDLE SCHOOL
Grades 6-8 · 645 students
Big Lake Online 6-12
Grades 6-12 · 184 students
SNW - Big Lake HS Transitions
Grades 9-12 · 29 students
Big Lake Online K-5
Grades K-5 · 24 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Big Lake, MN?
Ordered by distance from Big Lake, not by size. Compare Big Lake side by side with any of them.
Big Lake housing market FAQ
Is Big Lake a buyer's or seller's market?
Big Lake, MN is currently a strong seller's market. That read comes from 1.0 months of supply, homes going under contract in about 21 days, and sellers getting 100.3% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Big Lake?
The typical home in Big Lake, MN is worth $376,679 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $337,850, about $177 per square foot.
Is Big Lake cheaper than the rest of Minnesota?
Big Lake's median sale price of $337,850 is 9% lower than the Minnesota statewide median of $372,300, and 18% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Big Lake?
Homes in Big Lake, MN spent a median of 21 days on market before going under contract, versus 25 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Big Lake?
At the current 30-year fixed rate of 7.03%, 20% down on a $376,679 home is about $2,011 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $86,182 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $113,333.
Are home prices rising in Big Lake?
The typical home value in Big Lake, MN rose 2.2% over the last 12 months, from $368,553 to $376,679 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Big Lake?
Big Lake ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Big Lake?
That depends on your timeline, not on a headline. What the data says today: Big Lake, MN is a strong seller's market with 1.0 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 21.2x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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