Is Side Lake, MN 55781 a buyer’s or seller’s market?
Side Lake is a seller’s market. With about 1.9 months of supply and 20% 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.
The Side Lake housing market right now
In the three months ending August 31, 2026, 20% of homes in Side Lake, MN 55781 sold above their list price, the typical home went under contract in 40 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (20% then), homes sold faster (45 days then) and the median sale price rose 13% to $559,758. Overall, Side Lake is about as competitive as it was a year ago.
Within Itasca County, homes here sell faster than in 69% of the county’s ZIP codes, and sell less often over asking than in 53%.
Nearby, buyers who want less competition could look at Wirt 56688 (0% sold over asking) or Marcell 56657 (0% sold over asking), while Effie 56639 (100% sold over asking) and Warba 55793 (60% sold over asking) are even more competitive.
Run the numbers for 55781
Nearby markets
Bigfork 56628Balanced $189 /sq ftBovey 55709Seller’s market $168 /sq ftCalumet 55716Seller’s market $130 /sq ftCohasset 55721Seller’s market $221 /sq ft Browse all markets →Where Side Lake is
Loading map…
Questions about Side Lake real estate
Is Side Lake a buyer’s or seller’s market?
A seller’s market: there were 1.9 months of supply in Side Lake, MN 55781 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 Side Lake?
The typical home went under contract in 40 days in the latest three months.
Do homes in Side Lake sell over asking?
20% of homes sold above their original list price, and the typical sale closed at 97.4% of the list price.
What are property taxes in Side Lake?
About 0.86% of a home’s value a year in Itasca County, or roughly $3,440 on a $400,000 home.
What is the median home price in Side Lake?
The median sale price was $559,758 in the three months ending August 31, 2026, about $320 per square foot.
Local agents
See all agents in 55781 →No sponsored agents in 55781 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 55781
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology