Is Sturgeon Lake, MN 55783 a buyer’s or seller’s market?
Sturgeon Lake is a seller’s market. With about 3.5 months of supply and 0% 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 Sturgeon Lake housing market right now
In the three months ending August 31, 2026, 0% of homes in Sturgeon Lake, MN 55783 sold above their list price, the typical home went under contract in 28 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 11 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 21%, homes sold about as fast and the median sale price rose 51% to $386,833. Overall, Sturgeon Lake is less competitive than a year ago, which gives buyers more room.
Within Pine County, homes here sell faster than in 78% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Hinckley 55037 (35% sold over asking) and Pine City 55063 (35% sold over asking) are even more competitive.
Run the numbers for 55783
Nearby markets
Askov 55704Buyer’s market $208 /sq ftBruno 55712Buyer’s market $205 /sq ftFinlayson 55735Balanced $284 /sq ftGrasston 55030Seller’s market $209 /sq ft Browse all markets →Towns like Sturgeon Lake nearby
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Questions about Sturgeon Lake real estate
Is Sturgeon Lake a buyer’s or seller’s market?
A seller’s market: there were 3.5 months of supply in Sturgeon Lake, MN 55783 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 Sturgeon Lake?
The typical home went under contract in 28 days in the latest three months.
Do homes in Sturgeon Lake sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.8% of the list price.
What are property taxes in Sturgeon Lake?
About 0.86% of a home’s value a year in Pine County, or roughly $3,440 on a $400,000 home.
What is the median home price in Sturgeon Lake?
The median sale price was $386,833 in the three months ending August 31, 2026, about $157 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