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Featured local agent — Ham Lake, MN
Sarah Mitchell
Compass Real Estate · Ham Lake, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Ham Lake, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$625,000median sale price
How is the Ham Lake, MN housing market right now?
The median home sale price in Ham Lake, MN is $625,000, up 1.6% year-over-year. Homes sell in an average of 30 days with 53 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 Ham Lake a buyer's or seller's market?
Ham Lake, MN is currently a balanced market, based on 4.1 months of supply and homes selling in about 30 days. How we determine this →
Homes sold
13
Last 12 weeks
Days on market
30
Average pace
Active listings
53
4.1 months supply
Sale-to-list
98.9%
Below asking
What does the Ham Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $625,000 |
| Median list price | $629,900 |
| Year-over-year price change | +1.6% |
| Average days on market | 30 days |
| Active inventory | 53 listings |
| Months of supply | 4.1 months |
| Sale-to-list price ratio | 98.9% |
| Median price per sq ft | $194/sq ft |
| Homes sold (latest month) | 13 |
| New listings (latest month) | 38 |
| Listings with a price cut | 24.5% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Ham Lake by property type?
How the Ham 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 | $640,000 | $220/sq ft | 11 | 30 days |
| Townhouse | $567,450 | $177/sq ft | 2 | 31 days |
Source: Redfin · Updated monthly
The Ham Lake housing market is currently classified as a balanced market with a median sale price of $625,000. Prices have risen 1.6% compared to last year, with homes spending an average of 30 days on market, indicating 4.1 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 4.4x provides context for how home values compare to local earning capacity.
Homes for sale in Ham Lake
There are currently 53 homes listed for sale in Ham Lake, Minnesota. The median listing price is $630K.
Active listings
53
Homes on market
Median list price
$630K
Avg. days on market
30
Days until sale
New this week
38
Newly listed
Who lives in Ham Lake?
Population
16,575
Median income
$116,845/yr
Median age
42.8 years
Owner-occupied
95.2%
College grads
35.9%
Avg commute
29.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Ham Lake?
Zillow home value
$511,337
Price-to-income
4.4x
Source: Zillow Research
What is it like to live in Ham Lake?
Ham Lake is a community of approximately 17K residents with a median age of 42.8 years.The median household income is $116,845, which reflects a relatively affluent area with strong earning potential. 35.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 95.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 29.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Ham Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Ham Lake?
2 schools tracked · 1,640 students
The largest public schools serving Ham 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.
DAVINCI ACADEMY
Grades K-8 · 987 students
MCKINLEY ELEMENTARY
Grades K-5 · 653 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 Ham Lake, MN?
Want a head-to-head view? Compare Ham 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 Ham Lake?
The median home sale price in Ham Lake is $625,000, up 1.6% from last year.
How long do homes stay on market in Ham Lake?
Homes typically spend 30 days on market before going under contract.
What is the median income in Ham Lake?
The median household income is $116,845 per year.
Is Ham Lake a buyer's or seller's market?
With 4.1 months of supply, Ham Lake is currently a balanced market.
What is the Zillow home value estimate for Ham Lake?
The Zillow Home Value Index (ZHVI) for Ham Lake is $511,337, representing the typical home value in the area.
How much does a single-family home cost in Ham Lake?
The median single-family home price in Ham Lake, MN is $640,000 (about $220 per square foot).
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