Medicine Lake housing market, May 2026
Past report · Minneapolis Area REALTORS® Local Market Update · current as of June 5, 2026. See the newest report (September 2026)
- Median sale price$915K— vs. May 2025
- Homes sold1— vs. May 2025
- Days on market78May 2026
- Months of supply2end of May 2026
The short version
Medicine Lake in May 2026
In May 2026, 1 home sold in Medicine Lake, against 0 in May 2025.
The median sale price was $915,000, and homes spent 78 days on market, with sellers receiving 91.5% of their original list price.
The month ended with 2 homes for sale, 2 months of supply (a seller’s market by the usual measure).
Over the 12 months through May 2026, the median was $1,045,000 (up 16.1%) across 3 sales.
Only 1 home sold here in May 2026, so this month's numbers can swing a lot. The 12-month figures are steadier.
All the numbers
Medicine Lake, May 2026 vs. May 2025
| May 2026 | 12 months through May 2026 | |||||
|---|---|---|---|---|---|---|
| Measure | Year before | This year | Change | Year before | This year | Change |
| Median sale price | — | $915,000 | — | $899,900 | $1,045,000 | +16.1% |
| Average sale price | — | $915,000 | — | $899,900 | $1,203,333 | +33.7% |
| Price per square foot | — | $654 | — | $285 | $448 | +57.0% |
| Closed sales | 0 | 1 | — | 1 | 3 | +200.0% |
| New listings | 2 | 1 | −50.0% | 3 | 6 | +100.0% |
| Days on market | — | 78 | — | 12 | 108 | +800.0% |
| % of original list price received | — | 91.5% | — | 100% | 92.9% | −7.1% |
| Homes for sale (end of month) | 2 | 2 | 0.0% | — | — | — |
| Months of supply | 2 | 2 | 0.0% | — | — | — |
| Twin Cities region, median price | $395,000 | $399,000 | +1.0% | $385,000 | $390,000 | +1.3% |
Source: Minneapolis Area REALTORS® Local Market Update, Medicine Lake, May 2026. Data from NorthstarMLS; produced by ShowingTime Plus, LLC; current as of June 5, 2026. Does not account for seller concessions. Activity for one month can sometimes look extreme due to small sample size.
Quick answers
Medicine Lake in May 2026: questions
What was the median home price in Medicine Lake, MN in May 2026?
$915,000, 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 $1,045,000.
How many homes sold in Medicine Lake, MN in May 2026?
1, against 0 in May 2025. 1 new listings came on the market that month.
Was Medicine Lake a buyer's or seller's market in May 2026?
Medicine Lake ended May 2026 with 2 months of supply (2 homes for sale). Under about 4 months usually favors sellers; over about 6 favors buyers.
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