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LONG LAKE, MN 55356

Real Estate Market Report  ·  Hennepin County
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
27
⇩ 22.9% vs 35 last year
Pending
8
30% pending ratio
Median Price
$649,900
⇩ 29.3% vs $918,750 last year
Average Price
$1,775,212
⇧ 14.4% vs $1,551,768 last year
Days on Market
89
⇩ 4.3% vs 93 days last year

Market Context

Population: 5,965  ·  Density: 176.5/mi²  ·  Median household income: $166,875

Typical home value: $682,415  ·  Homeownership: 86.7%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The LONG LAKE, MN real estate market (55356) currently shows 27 active listings, with 8 pending sales. Homes are averaging 89 days on the market before going under contract.

Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 89 days on market compared to 93 days last year.

The median listing price has fallen 29.3% year-over-year, from $918,750 to $649,900.

Whether you are buying or selling in LONG LAKE, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 27 this year vs 35 last year
  • Days on market: 89 now vs 93 last year

Median & Average Pricing

Year over Year
  • Median: $649,900 (-29.3% YoY)
  • Average: $1,775,212 (+14.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 11.2 miles — 617 listings ($641,934,812 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55356Long Lake, MN 553560.0 mi27$47,930,724$649,900$1,775,212
55384Spring Park, MN 553844.7 mi13$10,657,400$555,000$819,800
55359Maple Plain, MN 553595.6 mi28$51,470,944$2,012,500$1,838,248
55364Mound, MN 553645.8 mi57$60,323,955$492,500$1,058,315
55331Excelsior, MN 553316.6 mi107$242,654,386$1,695,000$2,267,798
55441Minneapolis, MN 554417.7 mi22$7,983,910$350,000$362,905
55305Hopkins, MN 553058.0 mi62$45,492,438$260,000$733,749
55311Maple Grove, MN 553118.8 mi107$76,296,992$544,500$713,056
55346Eden Prairie, MN 553469.6 mi18$8,674,740$489,900$481,930
55375Saint Bonifacius, MN 5537510.0 mi3$1,410,000$470,000$470,000
55427Minneapolis, MN 5542710.1 mi48$19,920,144$324,999$415,003
55426Minneapolis, MN 5542610.4 mi57$18,829,779$299,900$330,347
55328Delano, MN 5532811.2 mi68$50,289,400$500,000$739,550

Frequently Asked Questions

How many homes are for sale in LONG LAKE, MN 55356?

As of January 2026, there are 27 active listings in LONG LAKE, MN (zip code 55356), compared to 35 the prior year.

What is the median home price in LONG LAKE, MN 55356?

The median listing price in LONG LAKE, MN 55356 is $649,900 as of January 2026, a 29.3% decrease from $918,750 the prior year.

How long do homes stay on the market in LONG LAKE, MN?

Homes in LONG LAKE, MN 55356 spend an average of 89 days on the market before going under contract, compared to 93 days the prior year.

Is it a seller's or buyer's market in LONG LAKE, MN 55356?

Based on current inventory and days-on-market data as of January 2026, LONG LAKE, MN 55356 is currently a Seller's Market. Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 89 days on market compared to 93 days last year.

How much can I save on real estate commission in LONG LAKE, MN?

With SELL123.com's maximum 3% commission, sellers in LONG LAKE, MN 55356 save an estimated $12,998 compared to a typical 5% commission on the median listing price of $649,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.