All Home Types
Forest Lake, MN Housing Market
What is the housing market like in Forest Lake today?
In October 2024, Forest Lake home prices were up 24.8% compared to last year, selling for a median price of $375K. On average, homes in Forest Lake sell after 38 days on the market compared to 20 days last year. There were 21 homes sold in October this year, up from 12 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$374,848
+24.8% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Forest Lake, MN
$374,848
+24.8%
United States
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Forest Lake Migration & Relocation Trends
In Aug '24 - Oct '24, 20% of Forest Lake homebuyers searched to move out of Forest Lake, while 80% looked to stay within the metropolitan area.
- Across the nation, 0.76% of homebuyers searched to move into Forest Lake from outside metros.
- Albuquerque homebuyers searched to move into Forest Lake more than any other metro followed by Miami and Chicago.
Where are people moving to Forest Lake from?
- 80% of Forest Lake homebuyers searched to stay within the Forest Lake metropolitan area.
- Brainerd was the most popular destination among Forest Lake homebuyers followed by Duluth and Cape Coral.
Where are people from Forest Lake moving to?
Number of People Moving to Forest Lake
least
most
People are moving to Forest Lake from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Aug '24 - Oct '24 | ||
| 1 | 663 | ||
| 2 | 657 | ||
| 3 | 581 | ||
| 4 | 423 | ||
| 5 | 340 | ||
| 6 | 300 | ||
| 7 | 253 | ||
| 8 | 235 | ||
| 9 | 162 | ||
| 10 | 151 | ||
People are leaving Forest Lake for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Aug '24 - Oct '24 | ||
| 1 | 480 | ||
| 2 | 276 | ||
| 3 | 209 | ||
| 4 | 119 | ||
| 5 | 95 | ||
| 6 | 69 | ||
| 7 | 63 | ||
| 8 | 58 | ||
| 9 | 51 | ||
| 10 | 47 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Forest Lake.
Provided by First Street Foundation
Transportation in Forest Lake
Learn about the walkability, bikeability, and transit-friendliness of Forest Lake
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Somewhat Bikeable
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