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Featured local agent — Lake Shore, MN
Sarah Mitchell
Compass Real Estate · Lake Shore, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Shore, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$841,250median sale price
How is the Lake Shore, MN housing market right now?
The median home sale price in Lake Shore, MN is $841,250, up 171.4% year-over-year. Homes sell in an average of 23 days with 5 active listings. The market is currently a seller's 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 Lake Shore a buyer's or seller's market?
Lake Shore, MN is currently a seller's market, based on 1.3 months of supply and homes selling in about 23 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
23
Average pace
Active listings
5
1.3 months supply
Sale-to-list
97.0%
Below asking
What does the Lake Shore housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $841,250 |
| Median list price | $699,900 |
| Year-over-year price change | +171.4% |
| Average days on market | 23 days |
| Active inventory | 5 listings |
| Months of supply | 1.3 months |
| Sale-to-list price ratio | 97.0% |
| Median price per sq ft | $345/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 5 |
| Listings with a price cut | 40.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lake Shore by property type?
How the Lake Shore, 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 | $841,250 | $345/sq ft | 4 | 23 days |
| Townhouse | $599,900 | $284/sq ft | 1 | 9 days |
Source: Redfin · Updated monthly
The Lake Shore housing market is currently classified as a seller's market with a median sale price of $841,250. Prices have risen 171.4% compared to last year, with homes spending an average of 23 days on market, indicating 1.3 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 7.9x provides context for how home values compare to local earning capacity.
Homes for sale in Lake Shore
There are currently 5 homes listed for sale in Lake Shore, Minnesota. The median listing price is $700K.
Active listings
5
Homes on market
Median list price
$700K
Avg. days on market
23
Days until sale
New this week
5
Newly listed
Who lives in Lake Shore?
Population
1,117
Median income
$96,923/yr
Median age
55.1 years
Owner-occupied
90.7%
College grads
39.6%
Avg commute
21.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Lake Shore?
Zillow home value
$768,668
Price-to-income
7.9x
Source: Zillow Research
What is it like to live in Lake Shore?
Lake Shore is a community of approximately 1K residents with a median age of 55.1 years.The median household income is $96,923, which reflects a relatively affluent area with strong earning potential. 39.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 90.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 21.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lake Shore offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Lake Shore, MN?
Want a head-to-head view? Compare Lake Shore side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lake Shore?
The median home sale price in Lake Shore is $841,250, up 171.4% from last year.
How long do homes stay on market in Lake Shore?
Homes typically spend 23 days on market before going under contract.
What is the median income in Lake Shore?
The median household income is $96,923 per year.
Is Lake Shore a buyer's or seller's market?
With 1.3 months of supply, Lake Shore is currently a seller's market.
What is the Zillow home value estimate for Lake Shore?
The Zillow Home Value Index (ZHVI) for Lake Shore is $768,668, representing the typical home value in the area.
How much does a single-family home cost in Lake Shore?
The median single-family home price in Lake Shore, MN is $841,250 (about $345 per square foot).
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