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Housing in East Gull Lake

24 homes sold in East Gull Lake in the last year, at a typical $1.4M

Almost every sale is a house. 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 East Gull Lake homes are listed.

Homes for sale in East Gull LakeZillowRedfinRealtor.comMore places to look ↓
Homes sold
24
October 2025 to September 2026
Typical sale price
$1.4M
median, weighted by sales
Price per square foot
$573
Minnesota $189
Paid vs. asking
98.7%
18% sold over asking
For sale now
16
September 2026 · 4 sold that month
What sold · last 12 months

Houses are 92% of East Gull Lake’s sales, at a typical $1.2M (year to May 2026)

24 homes sold in the year to September 2026.

Houses$1.2M

typical sale · 23 sold in the year to May 2026

Per square foot
$436MN $191
Days to sell
53
Sold over asking
13%
Listings with a price cut
46%
Fewer sales

Townhouses: 2 sold, typical $800K

Too few sales in 12 months for reliable figures.

12 years of sales

Fewer homes sell than before 2022, at 2.4 times the 2016 price

24 sales in the last year, against 53 in 2021 and a low of 20 in 2017. The typical sale went from $581K in 2016 to $1.4M.

Homes soldTypical sale price
0255075100$600K$900K$1.2M$1.5M2012: 26 sold, typical $368K’122014: 25 sold, typical $462K2016: 21 sold, typical $581K’162017: 20 sold, typical $508K2018: 30 sold, typical $633K’182019: 36 sold, typical $438K2020: 45 sold, typical $550K’202021: 53 sold, typical $640K2022: 26 sold, typical $938K’222023: 27 sold, typical $927K2024: 21 sold, typical $1.2M’242025: 29 sold, typical $1MLast 12 months: 24 sold, typical $1.4MNow

Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.

What your budget buys

What $1.4M buys in East Gull Lake

Houseat $436 a sq ft, year to May 2026
The same money in Minnesotaat $191 a sq ft, year to May 2026

Is this asking price fair?

Check a listing against what East Gull 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.

What the sales history says · 12 years of sales

Bidding wars in East Gull Lake are back to pre-pandemic levels, but half fewer homes come up for sale

We read every month of East Gull 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 September 2026, 24 sales.

If you’re buying in East Gull Lake

  • Shop in May. It brings about 5 new listings a month, close to the busiest month, with fewer bidding wars (13% over asking).
  • Bid near asking. Buyers paid 98.7% of the list price on average; 18% paid over.
  • Move fast on good ones. Half of homes are under contract within two weeks.
Best time to buy

Summer brings the homes; fall brings the bidding wars

June has the most new listings (about 6 a month), but October is the most competitive: 45% of October sales close over asking. May offers nearly as much choice with fewer homes bid up (13%). May has the least competition (13%).

New listings a monthShare sold over asking
02.557.51020%40%60%Sweet spotJan: 4 new listings a month, 22% sold over asking, 194 days to sellJFeb: 3 new listings a month, 29% sold over asking, 127 days to sellFMar: 4 new listings a month, 25% sold over asking, 110 days to sellMApr: 4 new listings a month, 32% sold over asking, 95 days to sellAMay: 5 new listings a month, 13% sold over asking, 75 days to sellMJun: 6 new listings a month, 34% sold over asking, 32 days to sellJJul: 4 new listings a month, 20% sold over asking, 68 days to sellJAug: 4 new listings a month, 17% sold over asking, 77 days to sellASep: 3 new listings a month, 20% sold over asking, 55 days to sellSOct: 1 new listings a month, 45% sold over asking, 55 days to sellONov: 2 new listings a month, 41% sold over asking, 51 days to sellNDec: 1 new listings a month, 30% sold over asking, 104 days to sellD

Averages for each calendar month, 2015 on.

How competitive is it now?

Calmer than the 2021 frenzy, and calmer than Minnesota

East Gull Lake now2017–192021 peakMN now
Sold over askingShare of sales that closed above the list price18%17%43%29%
Gone within two weeksShare of homes under contract within 14 days51%27%50%40%
Price paid vs. askingAverage sale price ÷ list price98.7%97.3%100.9%99%
Days to sellMedian days from listing to contract391003138
Supply

10 homes for sale on a typical day

That’s 1.8 times the 2023 low (6), 47% fewer than in 2017–19 and well under 2012’s 27.

2012: 27 for sale’122014: 16 for sale2016: 15 for sale2017: 18 for sale’172018: 22 for sale2019: 18 for sale2020: 18 for sale’202021: 9 for sale2022: 7 for sale2023: 6 for sale’232024: 9 for sale2025: 6 for saleLast 12 months: 10 for saleNow

Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.

Rent or buy?

Owning the typical East Gull Lake home costs about $8,029 a month

Mortgage
Property tax
Insurance
Rent

Price: East Gull Lake’s typical sale, last 12 months. Property tax at East Gull Lake’s 0.6% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether East Gull Lake is affordable on local pay is on Cost of living.

Before you buy in East Gull Lake

Six things worth knowing

6

New listings in June

The month with the most choice. December has the fewest, about 1.

Best time to buy
0.6%

Property tax, a year

Of a home’s value: the median bill over the median home value. On a $1.4M home, about $8,130 a year.

Taxes vs. neighbors
B+

Schools

The schools grade for East Gull Lake, from test results, graduation and how much students grow.

Schools in East Gull Lake
25 min

Typical commute

The average one-way trip to work for people who live in East Gull Lake.

Work & commute
Flood

Check 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 hazards
Records

Look 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.

Nearby markets · last 12 months

Baxter, Lake Shore, Nisswa, Brainerd, Pequot Lakes and Breezy Point sell for less a square foot

The busier markets within 25 miles of East Gull Lake, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.

SoldTypical sale$/sq ftOver askingDays to sell
Brainerd230$248K$16427%40
Baxter139$370K$18225%34
Breezy Point77$400K$23010%50
Nisswa61$621K$30425%43
Pequot Lakes59$422K$27522%56
Lake Shore37$765K$34620%51
East Gull Lake24$1.4M$57318%39

Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.

Selling, or renting out?

Post your home to East Gull Lake, free

Selling it yourself, renting out an apartment or looking for a roommate? Post it to East Gull Lake. People who follow the town see it, and so do people comparing East Gull Lake with their own town. No commission, no listing fee.

Questions about buying a home in East Gull Lake

What do homes sell for in East Gull Lake, MN?

24 homes sold in the year to September 2026 at a typical $1.4M, $573 a square foot.

Is East Gull Lake a buyer’s or seller’s market?

A seller’s market: 16 homes were for sale in September 2026 and 4 sold, about 3.7 months of supply. Buyers paid 98.7% of asking on average.

When is the best time to buy in East Gull Lake?

June brings the most new listings. The sales history shows which months have fewer bidding wars.

How much are property taxes in East Gull Lake?

About 0.6% of a home’s value a year. On a $1.4M home that’s near $8,130.

Where can I see homes for sale in East Gull Lake?

Zillow, Redfin, Realtor.com and Homes.com all carry East Gull Lake’s MLS listings; the search links above open each one filtered to East Gull Lake.

Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). 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).