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Featured local agent — Medicine Lake, MN
Sarah Mitchell
Compass Real Estate · Medicine Lake, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Medicine Lake, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$792,500median sale price
How is the Medicine Lake, MN housing market right now?
The median home sale price in Medicine Lake, MN is $792,500. Homes sell in an average of 33 days with 1 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 Medicine Lake a buyer's or seller's market?
Medicine Lake, MN is currently a seller's market, based on 0.5 months of supply and homes selling in about 33 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
33
Average pace
Active listings
1
0.5 months supply
Sale-to-list
93.6%
Below asking
What does the Medicine Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $792,500 |
| Median list price | $1.70M |
| Average days on market | 33 days |
| Active inventory | 1 listings |
| Months of supply | 0.5 months |
| Sale-to-list price ratio | 93.6% |
| Median price per sq ft | $440/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 1 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Medicine Lake by property type?
How the Medicine 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 | $915,000 | $654/sq ft | 1 | 16 days |
Source: Redfin · Updated monthly
The Medicine Lake housing market is currently classified as a seller's market with a median sale price of $792,500. Prices have fallen 0.0% compared to last year, with homes spending an average of 33 days on market, indicating 0.5 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 7.1x provides context for how home values compare to local earning capacity.
Homes for sale in Medicine Lake
There are currently 1 homes listed for sale in Medicine Lake, Minnesota. The median listing price is $1.7M.
Active listings
1
Homes on market
Median list price
$1.7M
Avg. days on market
33
Days until sale
New this week
1
Newly listed
Who lives in Medicine Lake?
Population
541
Median income
$161,250/yr
Median age
44.9 years
Owner-occupied
84.2%
College grads
71.0%
Avg commute
17.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Medicine Lake?
Zillow home value
$1.14M
Price-to-income
7.1x
Source: Zillow Research
What is it like to live in Medicine Lake?
Medicine Lake is a community of approximately 1K residents with a median age of 44.9 years.The median household income is $161,250, which reflects a relatively affluent area with strong earning potential. 71.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 84.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 17.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Medicine Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Medicine Lake, MN?
Want a head-to-head view? Compare Medicine 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 Medicine Lake?
The median home sale price in Medicine Lake is $792,500, down 0.0% from last year.
How long do homes stay on market in Medicine Lake?
Homes typically spend 33 days on market before going under contract.
What is the median income in Medicine Lake?
The median household income is $161,250 per year.
Is Medicine Lake a buyer's or seller's market?
With 0.5 months of supply, Medicine Lake is currently a seller's market.
What is the Zillow home value estimate for Medicine Lake?
The Zillow Home Value Index (ZHVI) for Medicine Lake is $1.14M, representing the typical home value in the area.
How much does a single-family home cost in Medicine Lake?
The median single-family home price in Medicine Lake, MN is $915,000 (about $654 per square foot).
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