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Featured local agent — Martin Lake, MN
Sarah Mitchell
Compass Real Estate · Martin Lake, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Martin Lake, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$545,000median sale price
How is the Martin Lake, MN housing market right now?
The median home sale price in Martin Lake, MN is $545,000, up 84.8% year-over-year. Homes sell in an average of 141 days. 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 Martin Lake a buyer's or seller's market?
Martin Lake, MN is currently a balanced market and homes selling in about 141 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
141
Average pace
Active listings
—
Sale-to-list
104.8%
Above asking
What does the Martin Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $545,000 |
| Year-over-year price change | +84.8% |
| Average days on market | 141 days |
| Sale-to-list price ratio | 104.8% |
| Median price per sq ft | $243/sq ft |
| Homes sold (latest month) | 3 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Martin Lake by property type?
How the Martin 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 | $545,000 | $243/sq ft | 3 | 141 days |
Source: Redfin · Updated monthly
The Martin Lake housing market is currently classified as a balanced market with a median sale price of $545,000. Prices have risen 84.8% compared to last year, with homes spending an average of 141 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Martin Lake
Explore homes currently listed for sale in Martin Lake, Minnesota across major real estate platforms.
Who lives in Martin Lake?
Population
1,203
Median income
$120,705/yr
Median age
42.4 years
Owner-occupied
68.2%
College grads
12.4%
Avg commute
29.3 min
Source: U.S. Census Bureau ACS
What is it like to live in Martin Lake?
Martin Lake is a community of approximately 1K residents with a median age of 42.4 years.The median household income is $120,705, which reflects a relatively affluent area with strong earning potential. 12.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 68.2%, 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, Martin Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Martin Lake, MN?
Want a head-to-head view? Compare Martin 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 Martin Lake?
The median home sale price in Martin Lake is $545,000, up 84.8% from last year.
How long do homes stay on market in Martin Lake?
Homes typically spend 141 days on market before going under contract.
What is the median income in Martin Lake?
The median household income is $120,705 per year.
How much does a single-family home cost in Martin Lake?
The median single-family home price in Martin Lake, MN is $545,000 (about $243 per square foot).
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