Photo: KAM32296 · CC BY-SA 4.0187 homes sold in Big Lake in the last year, at a typical $328K
About one sale in 5 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Big Lake homes are listed.
Every place Big Lake homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Big Lake.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 80% of Big Lake’s sales, at a typical $334K
187 homes sold in the year to May 2026.
typical sale · 150 sold in 12 months
- Per square foot
- $181MN $191
- Days to sell
- 22
- Sold over asking
- 52%
- Listings with a price cut
- 28%
Multi-family (2–4 units): 1 sold, typical $480K
Townhouses: 36 sold, typical $285K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2021, at 1.7 times the 2016 price
187 sales in the last year, against 347 in 2020 and a low of 169 in 2024. The typical sale went from $189K in 2016 to $328K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $350K buys in Big Lake
Check a listing against what Big Lake homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Big Lake are more common than before the pandemic, but 58% fewer homes come up for sale
We read every month of Big Lake’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 187 sales.
If you’re buying in Big Lake
- Shop in July. It brings about 29 new listings a month, close to the busiest month, with fewer bidding wars (40% over asking).
- You can negotiate. 24% of listings have cut their price, against 20% before the pandemic.
- Bid near asking. Buyers paid 100.8% of the list price on average; 48% paid over.
- Move fast on good ones. 54% of homes are under contract within two weeks.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 33 a month), but August is the most competitive: 55% of August sales close over asking. July offers nearly as much choice with fewer homes bid up (40%). February has the least competition (34%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and hotter than Minnesota
| Big Lake now | 2017–19 | 2021 peak | MN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 48% | 41% | 55% | 33% |
| Gone within two weeksShare of homes under contract within 14 days | 54% | 49% | 60% | 42% |
| Listings with a price cutShare of homes for sale that cut their price | 24% | 20% | 16% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 100.8% | 100.2% | 102.8% | 99.2% |
| Days to sellMedian days from listing to contract | 28 | 29 | 21 | 35 |
24 homes for sale on a typical day
That’s 58% fewer than in 2017–19 and well under 2012’s 84.
1 in 4 listings has cut its price
24% in the last year, against 20% in 2017–19 and 28% across Minnesota.
Big Lake ranks 8th of 144 busy Minnesota markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Big Lake is one of the state’s hottest markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Big Lake home costs about $2,005 a month
Price: Big Lake’s typical sale, last 12 months. Property tax at Big Lake’s 1.1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Big Lake is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 12.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $328K home, about $3,520 a year.
Taxes vs. neighborsSchools
The schools grade for Big Lake, from test results, graduation and how much students grow.
Schools in Big LakeTypical commute
The average one-way trip to work for people who live in Big Lake.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot
The busier markets within 25 miles of Big Lake, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Otsego | 445 | $453K | $189 | 29% | 49 |
| Elk River | 420 | $407K | $187 | 34% | 39 |
| Monticello | 210 | $330K | $182 | 32% | 37 |
| Big Lake | 187 | $328K | $179 | 48% | 28 |
| Zimmerman | 133 | $339K | $184 | 31% | 39 |
| Albertville | 87 | $374K | $185 | 29% | 34 |
| Becker | 69 | $329K | $188 | 38% | 49 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Big Lake, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Big Lake. People who follow the town see it, and so do people comparing Big Lake with their own town. No commission, no listing fee.
Questions about buying a home in Big Lake
What do homes sell for in Big Lake, MN?
187 homes sold in the year to May 2026 at a typical $328K, $179 a square foot.
Is Big Lake a buyer’s or seller’s market?
A seller’s market: 19 homes were for sale in May 2026 and 20 sold, about 1 months of supply. Buyers paid 100.8% of asking on average, and 24% of listings cut their price.
When is the best time to buy in Big Lake?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Big Lake?
About 1.1% of a home’s value a year. On a $328K home that’s near $3,520.
Where can I see homes for sale in Big Lake?
Zillow, Redfin, Realtor.com and Homes.com all carry Big Lake’s MLS listings; the search links above open each one filtered to Big Lake.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).