36 homes sold in Long Lake in the last year, at a typical $505K
About one sale in 3 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 Long Lake homes are listed.
Every place Long 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 Long 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 67% of Long Lake’s sales, at a typical $529K
36 homes sold in the year to May 2026.
typical sale · 24 sold in 12 months
- Per square foot
- $214MN $191
- Days to sell
- 29
- Sold over asking
- 42%
- Listings with a price cut
- 64%
Multi-family (2–4 units): 1 sold, typical $560K
Townhouses: 10 sold, typical $503K
Condos: 1 sold, typical $475K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.8 times the 2016 price
36 sales in the last year, against 45 in 2020 and a low of 24 in 2014. The typical sale went from $280K in 2016 to $505K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $500K buys in Long Lake
Check a listing against what Long 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 Long Lake are back to pre-pandemic levels, but half fewer homes come up for sale
We read every month of Long 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, 36 sales.
If you’re buying in Long Lake
- Shop in June. It brings about 5 new listings a month, close to the busiest month, with fewer bidding wars (26% over asking).
- You can negotiate. 73% of listings have cut their price, against 29% before the pandemic.
- Offer under asking. Buyers paid 96.9% of the list price on average; 28% paid over.
- You’ll usually have time. Only 37% of homes go under contract within two weeks; the typical one takes 49 days.
Spring brings both the most homes and the most bidding wars
May has the most new listings (about 5 a month), and the most competition: 54% close over asking. June offers nearly as much choice with fewer homes bid up (26%). November has the least competition (14%) but only about 2 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Minnesota as a whole
| Long Lake now | 2017–19 | 2021 peak | MN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 28% | 27% | 49% | 33% |
| Gone within two weeksShare of homes under contract within 14 days | 37% | 39% | 69% | 42% |
| Listings with a price cutShare of homes for sale that cut their price | 73% | 29% | 41% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 96.9% | 98.4% | 100.5% | 99.2% |
| Days to sellMedian days from listing to contract | 49 | 56 | 14 | 35 |
4 homes for sale on a typical day
That’s 53% fewer than in 2017–19 and well under 2012’s 18.
1 in 1 listings has cut its price
73% in the last year, against 29% in 2017–19 and 28% across Minnesota. More sellers are pricing high and coming down.
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 Long Lake home costs about $3,071 a month
Price: Long Lake’s typical sale, last 12 months. Property tax at Long Lake’s 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 Long Lake is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 1.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $505K home, about $5,230 a year.
Taxes vs. neighborsSchools
The schools grade for Long Lake, from test results, graduation and how much students grow.
Schools in Long LakeTypical commute
The average one-way trip to work for people who live in Long 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.
Maple Plain sells for less a square foot; Orono, Wayzata, Deephaven and Tonka Bay for far more
The busier markets within 25 miles of Long 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 | |
|---|---|---|---|---|---|
| Medina | 136 | $1M | $258 | 18% | 57 |
| Orono | 135 | $1.2M | $351 | 16% | 60 |
| Wayzata | 71 | $1.2M | $426 | 14% | 67 |
| Deephaven | 53 | $1.2M | $336 | 8% | 40 |
| Long Lake | 36 | $505K | $212 | 28% | 49 |
| Tonka Bay | 30 | $1.1M | $426 | 27% | 20 |
| Maple Plain | 21 | $457K | $198 | 24% | 39 |
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 Long Lake, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Long Lake. People who follow the town see it, and so do people comparing Long Lake with their own town. No commission, no listing fee.
Questions about buying a home in Long Lake
What do homes sell for in Long Lake, MN?
36 homes sold in the year to May 2026 at a typical $505K, $212 a square foot.
Is Long Lake a buyer’s or seller’s market?
A seller’s market: 1 homes were for sale in May 2026 and 3 sold, about 0.3 months of supply. Buyers paid 96.9% of asking on average, and 73% of listings cut their price.
When is the best time to buy in Long Lake?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Long Lake?
About 1% of a home’s value a year. On a $505K home that’s near $5,230.
Where can I see homes for sale in Long Lake?
Zillow, Redfin, Realtor.com and Homes.com all carry Long Lake’s MLS listings; the search links above open each one filtered to Long 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).