Gem Lake housing market, July 2026
Past report · Minneapolis Area REALTORS® Local Market Update · current as of August 7, 2026. See the newest report (September 2026)
- Median sale price$505K— vs. July 2025
- Homes sold1— vs. July 2025
- Days on market60July 2026
- Months of supply0.8end of July 2026
The short version
Gem Lake in July 2026
In July 2026, 1 home sold in Gem Lake, against 0 in July 2025.
The median sale price was $505,000, and homes spent 60 days on market, with sellers receiving 96.2% of their original list price.
The month ended with 1 homes for sale, 0.8 months of supply (a seller’s market by the usual measure).
Over the 12 months through July 2026, the median was $715,000 (up 29.4%) across 5 sales.
Only 1 home sold here in July 2026, so this month's numbers can swing a lot. The 12-month figures are steadier.
Single months can swing when few homes sell.
Show as a table
| Year | Median price |
|---|---|
| Oct 2024 | $450,000 |
| Dec 2024 | $265,000 |
| May 2025 | $1,030,000 |
| Aug 2025 | $738,000 |
| Jan 2026 | $715,000 |
| Apr 2026 | $327,000 |
| May 2026 | $1,000,000 |
| Jul 2026 | $505,000 |
All the numbers
Gem Lake, July 2026 vs. July 2025
| July 2026 | 12 months through July 2026 | |||||
|---|---|---|---|---|---|---|
| Measure | Year before | This year | Change | Year before | This year | Change |
| Median sale price | — | $505,000 | — | $552,500 | $715,000 | +29.4% |
| Average sale price | — | $505,000 | — | $644,167 | $657,000 | +2.0% |
| Price per square foot | — | $152 | — | $208 | $196 | −5.9% |
| Closed sales | 0 | 1 | — | 6 | 5 | −16.7% |
| New listings | 1 | 1 | 0.0% | 7 | 6 | −14.3% |
| Days on market | — | 60 | — | 31 | 66 | +112.9% |
| % of original list price received | — | 96.2% | — | 95.5% | 93.9% | −1.7% |
| Homes for sale (end of month) | 2 | 1 | −50.0% | — | — | — |
| Months of supply | 1.7 | 0.8 | −52.9% | — | — | — |
| Twin Cities region, median price | $395,000 | $408,000 | +3.3% | $386,500 | $394,000 | +1.9% |
Source: Minneapolis Area REALTORS® Local Market Update, Gem Lake, July 2026. Data from NorthstarMLS; produced by ShowingTime Plus, LLC; current as of August 7, 2026. Does not account for seller concessions. Activity for one month can sometimes look extreme due to small sample size.
Quick answers
Gem Lake in July 2026: questions
What was the median home price in Gem Lake, MN in July 2026?
$505,000, from 1 sales, according to the Minneapolis Area REALTORS® Local Market Update (NorthstarMLS data). With so few sales, a single month can swing a lot; the 12-month median was $715,000.
How many homes sold in Gem Lake, MN in July 2026?
1, against 0 in July 2025. 1 new listings came on the market that month.
Was Gem Lake a buyer's or seller's market in July 2026?
Gem Lake ended July 2026 with 0.8 months of supply (1 homes for sale). Under about 4 months usually favors sellers; over about 6 favors buyers.
Every month
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