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Featured local agent — Clear Lake, MN
Sarah Mitchell
Compass Real Estate · Clear Lake, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Clear Lake, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$330,000median sale price
How is the Clear Lake, MN housing market right now?
The median home sale price in Clear Lake, MN is $330,000, down 7.1% year-over-year. Homes sell in an average of 342 days with 22 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Clear Lake a buyer's or seller's market?
Clear Lake, MN is currently a balanced market, based on 3.1 months of supply and homes selling in about 342 days. How we determine this →
Homes sold
7
Last 12 weeks
Days on market
342
Average pace
Active listings
22
3.1 months supply
Sale-to-list
98.8%
Below asking
What does the Clear Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $330,000 |
| Median list price | $361,900 |
| Year-over-year price change | -7.1% |
| Average days on market | 342 days |
| Active inventory | 22 listings |
| Months of supply | 3.1 months |
| Sale-to-list price ratio | 98.8% |
| Median price per sq ft | $215/sq ft |
| Homes sold (latest month) | 7 |
| New listings (latest month) | 9 |
| Listings with a price cut | 22.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Clear Lake by property type?
How the Clear Lake, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $332,450 | $224/sq ft | 4 | 105 days |
| Townhouse | $328,900 | $188/sq ft | 3 | 377 days |
Source: Redfin · Updated monthly
The Clear Lake housing market is currently classified as a balanced market with a median sale price of $330,000. Prices have fallen 7.1% compared to last year, with homes spending an average of 342 days on market, indicating 3.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.0x provides context for how home values compare to local earning capacity.
Homes for sale in Clear Lake
There are currently 22 homes listed for sale in Clear Lake, Minnesota. The median listing price is $362K.
Active listings
22
Homes on market
Median list price
$362K
Avg. days on market
342
Days until sale
New this week
9
Newly listed
Who lives in Clear Lake?
Population
621
Median income
$105,000/yr
Median age
32.2 years
Owner-occupied
89.3%
College grads
23.1%
Avg commute
29.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Clear Lake?
Zillow home value
$421,178
Price-to-income
4.0x
Source: Zillow Research
What is it like to live in Clear Lake?
Clear Lake is a community of approximately 1K residents with a median age of 32.2 years.The median household income is $105,000, which reflects a relatively affluent area with strong earning potential. 23.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 89.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 29.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Clear Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Clear Lake?
1 schools tracked · 403 students
The largest public schools serving Clear 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.
CLEARVIEW ELEMENTARY
Grades K-5 · 403 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 Clear Lake, MN?
Want a head-to-head view? Compare Clear Lake side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Clear Lake?
The median home sale price in Clear Lake is $330,000, down 7.1% from last year.
How long do homes stay on market in Clear Lake?
Homes typically spend 342 days on market before going under contract.
What is the median income in Clear Lake?
The median household income is $105,000 per year.
Is Clear Lake a buyer's or seller's market?
With 3.1 months of supply, Clear Lake is currently a balanced market.
What is the Zillow home value estimate for Clear Lake?
The Zillow Home Value Index (ZHVI) for Clear Lake is $421,178, representing the typical home value in the area.
How much does a single-family home cost in Clear Lake?
The median single-family home price in Clear Lake, MN is $332,450 (about $224 per square foot).
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