Is Forest Lake, MN 55025 a buyer’s or seller’s market?
Forest Lake is a seller’s market. With about 2.3 months of supply and 24% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 66% of U.S. ZIP codes, and #185 of 296 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Forest Lake housing market right now
In the three months ending August 31, 2026, 24% of homes in Forest Lake, MN 55025 sold above their list price, the typical home went under contract in 34 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 118 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 36%, homes sold more slowly (25 days then) and the median sale price fell 3% to $424,816. Overall, Forest Lake is less competitive than a year ago, which gives buyers more room.
Within Anoka County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county. On our competition score, Forest Lake ranks #185 of 296 MN ZIP codes with enough sales (score 63 out of 100).
Nearby, Minneapolis 55434 (50% sold over asking) and Minneapolis 55433 (49% sold over asking) are even more competitive.
Run the numbers for 55025
Nearby markets
Andover 55304Seller’s market $202 /sq ftAnoka 55303Seller’s market $188 /sq ftBethel 55005Seller’s market $178 /sq ftCedar 55011Seller’s market $208 /sq ft Browse all markets →Towns like Forest Lake nearby
Find towns like Forest Lake in other states →Where Forest Lake is
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Questions about Forest Lake real estate
Is Forest Lake a buyer’s or seller’s market?
A seller’s market: there were 2.3 months of supply in Forest Lake, MN 55025 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Forest Lake?
The typical home went under contract in 34 days in the latest three months.
Do homes in Forest Lake sell over asking?
24% of homes sold above their original list price, and the typical sale closed at 99.6% of the list price.
What are property taxes in Forest Lake?
About 0.94% of a home’s value a year in Anoka County, or roughly $3,760 on a $400,000 home.
What is the median home price in Forest Lake?
The median sale price was $424,816 in the three months ending August 31, 2026, about $201 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology