Compare cities · September 2026
Medicine Lake vs. New Hope
Homes in Medicine Lake sold for a median $1,480,000 over the 12 months through September 2026, 310% more than in New Hope ($361,000). Homes sold faster in New Hope: 34 days on market on average, against 100 in Medicine Lake. Medicine Lake is closer to downtown Minneapolis: about 16 minutes by car, against 18. The two are about 3 miles apart, roughly a 10-minute drive.
Housing market, 12 months through September 2026
| Measure | Medicine Lake | New Hope |
|---|---|---|
| Median sale price | $1,480,000 | $361,000 |
| Change from a year earlier | +41.6% | +2.1% |
| Homes sold | 4 | 253 |
| Days on market | 100 | 34 |
| Share of original list price | 95.4% | 100.1% |
| Price per square foot | $441 | $191 |
| New listings | 6 | 344 |
| Homes for sale (September 2026) | 1 | 52 |
| Months of supply (September 2026) | 0.8 | 2.5 |
Source: Minneapolis Area REALTORS® Local Market Update (NorthstarMLS data).
The homes
| Measure | Medicine Lake | New Hope |
|---|---|---|
| Median home value (owner estimate) | $1,083,300 | $337,000 |
| Median year built | 1966 | 1969 |
| Single-family homesShare of all housing units, detached houses | 93% | 52% |
| Owner-occupied homes | 81% | 53% |
| Median rent | $1,150 | $1,335 |
Source: US Census Bureau, American Community Survey 2020–2024.
The place
| Measure | Medicine Lake | New Hope |
|---|---|---|
| Population (2024) | 1,343 | 20,745 |
| Land area | 0.2 sq mi | 5.1 sq mi |
| Drive to Downtown Minneapolis | 16 min | 18 min |
| Drive to Downtown Saint Paul | 30 min | 31 min |
| Drive to MSP Airport | 30 min | 32 min |
| Drive to Mall of America | 27 min | 30 min |
| Drive to University of Minnesota | 21 min | 23 min |
| Average commute to work | 17.3 min | 19.4 min |
| Lakes of 10+ acresMinnesota DNR lake outlines touching the city | 1 | 1 |
Source: US Census Bureau 2024 estimates and TIGER/Line; drive times from OpenStreetMap routing (light traffic).
Medicine Lake
School districts: Wayzata Public School District
Largest lakes: Medicine Lake (924 acres)
New Hope
School districts: Robbinsdale Public School District
Largest lakes: Northwood Lake (14 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
Medicine Lake or New Hope?
Is Medicine Lake or New Hope more expensive?
Medicine Lake. The median sale price was $1,480,000 there and $361,000 in New Hope 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, Medicine Lake or New Hope?
New Hope: 34 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 (18 from New Hope). To downtown Saint Paul: 30 minutes from Medicine Lake, 31 from New Hope.
How far apart are Medicine Lake and New Hope?
About 3 miles in a straight line between their centers, or roughly 10 minutes by car.
Which has more lakes, Medicine Lake or New Hope?
They have the same number: 1 lakes of 10+ acres touch Medicine Lake (largest: Medicine Lake) and 1 touch New Hope (largest: Northwood Lake), by Minnesota DNR lake outlines.
Which school districts serve Medicine Lake and New Hope?
Medicine Lake: Wayzata Public School District. New Hope: Robbinsdale 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 Medicine Lake or New Hope?
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 Medicine Lake and New Hope.
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.