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Featured local agent — Mahtomedi, MN
Sarah Mitchell
Compass Real Estate · Mahtomedi, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Mahtomedi, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$482,000median sale price
How is the Mahtomedi, MN housing market right now?
The median home sale price in Mahtomedi, MN is $482,000, up 8.9% year-over-year. Homes sell in an average of 14 days with 22 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 Mahtomedi a buyer's or seller's market?
Mahtomedi, MN is currently a seller's market, based on 1.5 months of supply and homes selling in about 14 days. How we determine this →
Homes sold
15
Last 12 weeks
Days on market
14
Fast-moving
Active listings
22
1.5 months supply
Sale-to-list
99.8%
Below asking
What does the Mahtomedi housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $482,000 |
| Median list price | $454,500 |
| Year-over-year price change | +8.9% |
| Average days on market | 14 days |
| Active inventory | 22 listings |
| Months of supply | 1.5 months |
| Sale-to-list price ratio | 99.8% |
| Median price per sq ft | $229/sq ft |
| Homes sold (latest month) | 15 |
| New listings (latest month) | 23 |
| Listings with a price cut | 31.8% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Mahtomedi by property type?
How the Mahtomedi, 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 | $550,000 | $238/sq ft | 11 | 10 days |
| Townhouse | $415,000 | $176/sq ft | 4 | 36 days |
Source: Redfin · Updated monthly
The Mahtomedi housing market is currently classified as a seller's market with a median sale price of $482,000. Prices have risen 8.9% compared to last year, with homes spending an average of 14 days on market, indicating 1.5 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 3.7x provides context for how home values compare to local earning capacity.
Homes for sale in Mahtomedi
There are currently 22 homes listed for sale in Mahtomedi, Minnesota. The median listing price is $455K.
Active listings
22
Homes on market
Median list price
$455K
Avg. days on market
14
Days until sale
New this week
23
Newly listed
Who lives in Mahtomedi?
Population
8,108
Median income
$132,326/yr
Median age
43.3 years
Owner-occupied
83.2%
College grads
62.6%
Avg commute
25 min
Source: U.S. Census Bureau ACS
What are homes worth in Mahtomedi?
Zillow home value
$491,807
Price-to-income
3.7x
Source: Zillow Research
What is it like to live in Mahtomedi?
Mahtomedi is a community of approximately 8K residents with a median age of 43.3 years.The median household income is $132,326, which reflects a relatively affluent area with strong earning potential. 62.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 83.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 25 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Mahtomedi offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Mahtomedi?
4 schools tracked · 2,580 students
The largest public schools serving Mahtomedi, 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.
MAHTOMEDI SENIOR HIGH
Grades 9-12 · 1,164 students
MAHTOMEDI MIDDLE
Grades 6-8 · 749 students
O.H. ANDERSON ELEMENTARY
Grades 3-5 · 654 students
Passages Transition Program
Grades 9-12 · 13 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 Mahtomedi, MN?
Want a head-to-head view? Compare Mahtomedi side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Mahtomedi?
The median home sale price in Mahtomedi is $482,000, up 8.9% from last year.
How long do homes stay on market in Mahtomedi?
Homes typically spend 14 days on market before going under contract.
What is the median income in Mahtomedi?
The median household income is $132,326 per year.
Is Mahtomedi a buyer's or seller's market?
With 1.5 months of supply, Mahtomedi is currently a seller's market.
What is the Zillow home value estimate for Mahtomedi?
The Zillow Home Value Index (ZHVI) for Mahtomedi is $491,807, representing the typical home value in the area.
How much does a single-family home cost in Mahtomedi?
The median single-family home price in Mahtomedi, MN is $550,000 (about $238 per square foot).
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