Hennepin County, Minnesota

Long Lake, MN Real Estate Market Report 2026

Track Long Lake, MN housing market trends — median prices, days on market, appreciation rates, and expert analysis from The PRO Team at RE/MAX RESULTS.

Overview Market Trends Home Prices Neighborhoods Schools Buyer Guide Seller Guide Relocation Things to Do Commute

Long Lake Housing Market Snapshot

Current market data for Long Lake, MN — updated regularly by The PRO Team at RE/MAX RESULTS.

Median Home Price

$675,000

As of 2025

Avg Days on Market

19 days

Median, all home types

Active Listings

14+

Currently available

Price Per Sq Ft

$225

Median single-family

Year-Over-Year Change

+3.8%

Long Lake has appreciated 3.8% annually. Its value proposition — Orono schools at Minnetonka prices — drives sustained demand from budget-conscious buyers who still prioritize educational quality.

Market Conditions

Median home price: $675,000 — representing strong demand in the Long Lake market
Average days on market: 19 — a highly competitive, fast-moving market
Price appreciation: +3.8% year-over-year, indicating positive momentum and continued buyer demand
14+ active listings across all home types at any given time
$225 price per square foot — useful benchmark for evaluating any specific listing

Price Ranges by Segment

Long Lake Village Center$400K – $650K

Orono Border Area$550K – $950K

North Shore Drive Corridor$480K – $800K

Expert Market Analysis

Long Lake is part of the broader West Metro Twin Cities market, which consistently outperforms the national average for residential appreciation. Buyers benefit from strong resale values, excellent infrastructure, and high quality of life — all factors that sustain long-term demand.

For Buyers

Long Lake attracts value-conscious buyers who want the Orono school district and Lake Minnetonka proximity at more accessible price points than neighboring Orono or Wayzata — particularly young families and first-time move-up buyers.

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For Sellers

Long Lake sellers benefit from consistent demand driven by school district desirability and relative value positioning. The community's affordable entry into the Orono school district creates steady buyer interest.

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Search Long Lake Homes on MLS

Browse every active listing — updated every 15 minutes with new listings, price changes, and coming-soon homes.

* Market data is for informational purposes. Contact The PRO Team for a personalized, real-time analysis.

Frequently Asked Questions

Common questions about Long Lake real estate market trends from buyers and sellers.

Is it a buyer's or seller's market in Long Lake right now?

Long Lake is currently operating in a more balanced market. Homes are averaging 19 days on market, and year-over-year appreciation stands at +3.8%. Long Lake has appreciated 3.8% annually. The PRO Team provides up-to-date absorption rate analysis on request.

What is the price per square foot in Long Lake?

Long Lake's current median price per square foot is $225. This varies significantly by neighborhood, home age, and condition — newer construction and lake-proximity properties typically command a meaningful premium above this figure. The PRO Team can provide a property-specific price-per-square-foot comparison for any home you're evaluating.

How has the Long Lake real estate market changed in the past year?

Long Lake home values have moved +3.8% year-over-year. Long Lake has appreciated 3.8% annually. Its value proposition — Orono schools at Minnetonka prices — drives sustained demand from budget-conscious buyers who still prioritize educational quality. Active inventory stands at approximately 14 listings, which represents a tight supply environment.

What is the average days on market for homes in Long Lake?

Long Lake homes are currently selling in an average of 19 days on market. Well-priced, move-in-ready homes in desirable neighborhoods often sell faster. Homes that are overpriced or need significant work tend to sit longer. The PRO Team's market expertise helps both buyers and sellers calibrate to realistic timelines.

Home Valuation

What's Your Long Lake Home Really Worth?

Get a no-obligation valuation from a local Long Lake expert — not Zillow's algorithm. We pull real comparables, account for your home's specific features, and deliver a number you can actually plan around.