Is Big Lake, MN 55309 a buyer’s or seller’s market?
Big Lake is a seller’s market. With about 0.9 months of supply and 32% 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 82% of U.S. ZIP codes, and #84 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 Big Lake housing market right now
In the three months ending August 31, 2026, 32% of homes in Big Lake, MN 55309 sold above their list price, the typical home went under contract in 24 days and there were 0.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 108 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 42%, homes sold faster (28 days then) and the median sale price held steady to $379,836. Overall, Big Lake is less competitive than a year ago, which gives buyers more room.
Within Sherburne County, homes here sell faster than in 60% of the county’s ZIP codes, and sell more often over asking than in 60%. On our competition score, Big Lake ranks #84 of 296 MN ZIP codes with enough sales (score 77 out of 100).
Nearby, buyers who want less competition could look at Saint Cloud 56304 (25% sold over asking), while Zimmerman 55398 (44% sold over asking) and Becker 55308 (36% sold over asking) are even more competitive.
Run the numbers for 55309
Nearby markets
Becker 55308Seller’s market $193 /sq ftClear Lake 55319Balanced $216 /sq ftElk River 55330Seller’s market $198 /sq ftSaint Cloud 56304Seller’s market $147 /sq ft Browse all markets →Towns like Big Lake nearby
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Questions about Big Lake real estate
Is Big Lake a buyer’s or seller’s market?
A seller’s market: there were 0.9 months of supply in Big Lake, MN 55309 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 Big Lake?
The typical home went under contract in 24 days in the latest three months.
Do homes in Big Lake sell over asking?
32% of homes sold above their original list price, and the typical sale closed at 99.9% of the list price.
What are property taxes in Big Lake?
About 0.99% of a home’s value a year in Sherburne County, or roughly $3,960 on a $400,000 home.
What is the median home price in Big Lake?
The median sale price was $379,836 in the three months ending August 31, 2026, about $187 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