Why Live in Big Lake
Big Lake, MN, located about 40 miles northwest of Minneapolis, has seen significant growth since 1990, nearly doubling in size since 2000. This city offers a blend of lakefront living and rural charm, with urban conveniences nearby. Residents enjoy numerous things to do, such as sunbathing at Lakeside Park, off-leash dog areas at Lions Park, and community events like the annual Spud Festival. The city is consistently ranked among the top five safest in Minnesota. Big Lake's real estate market is competitive, featuring a variety of home styles, including traditional ranches, newly constructed craftsman homes, and multi-family townhouses. Homes range from older developments near the city core to newer constructions on the outskirts, with options for lakefront living and subdivisions like Shadywood Park and Pine Crest Estates. Outdoor enthusiasts can take advantage of the three named lakes and over 20 parks, including Big Lake and Lake Mitchell, which offer boat launches and sandy beaches. The city hosts a year-round farmers market and has a growing downtown area with shopping and dining options, such as Willy's on the Water and Lupulin Brewing. Public transportation is accessible via the Metro Transit and Northstar Commuter Rail, making trips to the Twin Cities convenient. For healthcare, residents are just 4 miles from CentraCare Health Hospital in Monticello.
Home Trends in Big Lake, MN
On average, homes in Big Lake, MN sell after 50 days on the market compared to the national average of 70 days. The median sale price for homes in Big Lake, MN over the last 12 months is $390,000, up 6% from the median home sale price over the previous 12 months.
Median Sale Price
$390,000
Median Single Family Sale Price
$434,950
Average Price Per Sq Ft
$195
Number of Homes for Sale
7
Last 12 months Home Sales
87
Median List Price
$434,950
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
6%