Compare cities · September 2026
Deephaven vs. Medicine Lake
Homes in Medicine Lake sold for a median $1,480,000 over the 12 months through September 2026, 23% more than in Deephaven ($1,207,500). Homes sold faster in Deephaven: 54 days on market on average, against 100 in Medicine Lake. Medicine Lake is closer to downtown Minneapolis: about 16 minutes by car, against 25. The two are about 7 miles apart.
Housing market, 12 months through September 2026
| Measure | Deephaven | Medicine Lake |
|---|---|---|
| Median sale price | $1,207,500 | $1,480,000 |
| Change from a year earlier | +19.0% | +41.6% |
| Homes sold | 50 | 4 |
| Days on market | 54 | 100 |
| Share of original list price | 93.8% | 95.4% |
| Price per square foot | $404 | $441 |
| New listings | 93 | 6 |
| Homes for sale (September 2026) | 20 | 1 |
| Months of supply (September 2026) | 5.3 | 0.8 |
Source: Minneapolis Area REALTORS® Local Market Update (NorthstarMLS data).
The homes
| Measure | Deephaven | Medicine Lake |
|---|---|---|
| Median home value (owner estimate) | $935,900 | $1,083,300 |
| Median year built | 1969 | 1966 |
| Single-family homesShare of all housing units, detached houses | 90% | 93% |
| Owner-occupied homes | 89% | 81% |
| Median rent | — | $1,150 |
Source: US Census Bureau, American Community Survey 2020–2024.
The place
| Measure | Deephaven | Medicine Lake |
|---|---|---|
| Population (2024) | 3,762 | 1,343 |
| Land area | 2.3 sq mi | 0.2 sq mi |
| Drive to Downtown Minneapolis | 25 min | 16 min |
| Drive to Downtown Saint Paul | 38 min | 30 min |
| Drive to MSP Airport | 34 min | 30 min |
| Drive to Mall of America | 31 min | 27 min |
| Drive to University of Minnesota | 30 min | 21 min |
| Average commute to work | 26 min | 17.3 min |
| Lakes of 10+ acresMinnesota DNR lake outlines touching the city | 4 | 1 |
Source: US Census Bureau 2024 estimates and TIGER/Line; drive times from OpenStreetMap routing (light traffic).
Deephaven
School districts: Minnetonka Public School District, Wayzata Public School District
Largest lakes: Lake Minnetonka (14,206 acres), Shaver Lake (17 acres), Lake William (16 acres), Lake Marion (13 acres)
Medicine Lake
School districts: Wayzata Public School District
Largest lakes: Medicine Lake (924 acres)
How we compare places: by their homes, housing market and location only, from public sources, never by who lives there. Medians describe the middle home; both places have homes well above and below them.
Quick answers
Deephaven or Medicine Lake?
Is Deephaven or Medicine Lake more expensive?
Medicine Lake. The median sale price was $1,480,000 there and $1,207,500 in Deephaven over the 12 months through September 2026, according to the Minneapolis Area REALTORS® Local Market Update. The median is the middle sale, so both have homes well above and below it.
Where do homes sell faster, Deephaven or Medicine Lake?
Deephaven: 54 days on market on average against 100, over the 12 months through September 2026.
Which is closer to downtown Minneapolis?
Medicine Lake, about 16 minutes by car in light traffic (25 from Deephaven). To downtown Saint Paul: 38 minutes from Deephaven, 30 from Medicine Lake.
How far apart are Deephaven and Medicine Lake?
About 7 miles in a straight line between their centers.
Which has more lakes, Deephaven or Medicine Lake?
Deephaven has more: 4 lakes of 10+ acres touch Deephaven (largest: Lake Minnetonka) and 1 touch Medicine Lake (largest: Medicine Lake), by Minnesota DNR lake outlines.
Which school districts serve Deephaven and Medicine Lake?
Deephaven: Minnetonka Public School District and Wayzata Public School District. Medicine Lake: Wayzata Public School District. School district lines don't follow city lines, so check the district for a specific address before you buy.
Should I buy in Deephaven or Medicine Lake?
It depends on your budget, the kind of home you want and where you need to get to each day. This page compares the homes, prices and locations; a Huerkamp Home Group agent can show you homes in both and walk you through what's selling now.
Keep comparing
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Deciding between them?
See homes in Deephaven and Medicine Lake.
A Huerkamp Home Group agent can show you homes in both, tell you what's selling and for how much right now, and help you decide. There's no cost to buyers.