Twin Cities Lake Communities Market Report
A current snapshot of the real estate market across White Bear Lake, Mahtomedi, and the surrounding Twin Cities lake communities, compiled from public Northstar MLS statistics.
How the market looks right now
This page tracks the market Melissa knows best: the East Metro lake communities of White Bear Lake and Mahtomedi, plus the broader Twin Cities market they belong to. The headline numbers below come from the latest published Northstar MLS statistics, reported by the Minneapolis Area Association of REALTORS in its June 2026 Monthly Indicators report. City-level figures follow in the next section, each labeled with its provider so you can see exactly where a number comes from.
Median Sales Price
$410,000
+2.1% year over year
Metro-wide, June 2026 · Minneapolis Area Association of REALTORS (Northstar MLS data)
Average Days on Market
42 days
+7.7% year over year
Metro-wide, June 2026 · Minneapolis Area Association of REALTORS (Northstar MLS data)
Active Listings
10,897
+5.1% year over year
Metro-wide inventory, June 2026 · Minneapolis Area Association of REALTORS (Northstar MLS data)
Closed Sales
Rising
About +8% year over year
Statewide, June 2026 · Minnesota Realtors compilation; metro closed sales also increasing per MAAR
Metro figures: Minneapolis Area Association of REALTORS Monthly Indicators, June 2026, based on Northstar MLS data (median sales price $410,000, +2.1% year over year; average days on market 42, +7.7%; active listings 10,897, +5.1%). The statewide closed-sales comparison comes from the Minnesota Realtors June 2026 compilation, which reported home sales up about 8% year over year.
White Bear Lake and Mahtomedi
The two anchor communities of Melissa's service area tell two different stories right now, which is exactly why a single metro number is never enough when you are pricing a home or planning an offer.
White Bear Lake, MN
- Median sale price: about $357,000 in Redfin's most recent three-month window, down roughly 4% year over year
- Median sold price: $364,900 in the May 2026 Movoto snapshot
- Days on market: a median of about 22 days (Movoto, May 2026)
- Active listings: roughly 86 to 118, depending on the weekly snapshot (Movoto, May 2026)
Mahtomedi, MN
- Median sale price: about $543,000 in Redfin's most recent month, up roughly 14% year over year
- Active listings: 27 in the May 2026 RE/MAX snapshot
- Average days on market: about 77 (RE/MAX, May 2026)
- Median price snapshot: about $450,000 (RE/MAX, May 2026)
Why the numbers differ by provider: City-level trackers compute differently. Some count all residential sales, others focus on single-family homes; some include condos, others do not; and waterfront versus off-lake homes sit in different price worlds. That is normal. For a precise, neighborhood-by-neighborhood read on your street, ask Melissa to pull current Northstar MLS data for your exact area.
What those numbers mean
Prices are still climbing at the metro level
The metro-wide median sales price reached $410,000 in June 2026, up 2.1% year over year. Lakefront and newer-constructed homes in the community list well above that, and the premium for water remains a defining feature of this market.
Lake-community markets are not moving in lockstep
In the same month, White Bear Lake's median eased roughly 4% year over year on Redfin's figures while Mahtomedi climbed about 14%. Different property mixes, different waterfront ratios, different buyers. A metro average will not tell you what your neighbor's house is worth.
Buyers have more to choose from
Metro active listings hit 10,897 units, up 5.1% year over year. Reports on the June 2026 numbers describe Minnesota inventory near a seven-year high even as home sales rose about 8% statewide. More choices means buyers can be more selective, and sellers need pricing that reflects current data.
Homes take a little longer to sell
Average days on market stretched to 42, up 7.7% year over year. Well-priced, well-prepared homes still sell quickly; everything else sits longer. Strategy matters more than it did a year ago.
Want the numbers for your home?
Market averages are a starting point, not an answer. Melissa will pull current Northstar MLS data for your exact neighborhood and give you a personalized home valuation, no pressure.
Data sources
- •Minneapolis Area Association of REALTORS Monthly Indicators, June 2026, Northstar MLS data: maar.stats.10kresearch.com/docs/mmi/x/report
- •Minnesota Realtors June 2026 market compilation (statewide closed sales, inventory context).
- •Redfin White Bear Lake housing market: redfin.com
- •Redfin Mahtomedi housing market: redfin.com
- •Movoto White Bear Lake market trends: movoto.com
- •RE/MAX Mahtomedi real estate stats: saint-paul-real-estate.com
About this report
Report date: September 3, 2026. This page is updated weekly as new Northstar MLS statistics are published. Figures are compiled from the public sources listed above and are provided for general information only; they do not constitute an appraisal, an offer, or professional advice for a specific property. Individual figures vary by provider because each provider counts a different mix of properties. For current, neighborhood-specific data on your home, contact Melissa directly.
Melissa A Johnson · Realtor, Pemberton Realty · MN License 40815413 | WI License 98496-94 · Each office independently owned and operated. Equal Housing Opportunity.