White Bear Lake Housing Market Report February 2025•Ramsey County, Minnesota

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Housing Prices in White Bear Lake, MN

How much do homes in White Bear Lake, MN cost?

Housing Market Conditions

Is White Bear Lake, MN a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

White Bear Lake is a Seller's Market

Difference Since February 2024

Since last year, White Bear Lake has remained a Seller's Market.

Insight

White Bear Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$350,000$204/SqFt
+$10,000
+2.9%

Based on all homes sold in the last 12 months

Insight

Homes in White Bear Lake have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in White Bear Lake was $350,000 in February 2025, up 2.9% from last year, and the median price per square foot was $204.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Mahtomedi
+4.8%
White Bear Township
+3.9%
White Bear Lake
+2.9%
Vadnais Heights
+1.8%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$270K$267.5K
-0.9%
2$290K$290K
0.0%
3$340K$360K
+5.9%
4$375K$389.9K
+4.0%
5$409.9K$402.8K
-1.7%

Summary: White Bear Lake housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -0.9%. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes increased by +5.9%. The home price for 4 bedroom homes increased by +4.0%. The home price for 5 bedroom homes decreased by -1.7%.

How does White Bear Lake, MN compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

White Bear Lake, MN

Housing supply in White Bear Lake, MN

How many homes are available in White Bear Lake, MN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
62Last MonthFeb 2025
622 months agoJan 2025
0.0 %
Change MoMJan – Feb

Summary: The White Bear Lake real estate market had 62 homes for sale in Feb 2025, the same as Jan 2025

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
15Last MonthFeb 2025
232 months agoJan 2025
-34.8 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
110
-100.0%
21214
+16.7%
32423
-4.2%
42222
0.0%
533
0.0%

Summary: White Bear Lake housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes increased by +16.7%. The inventory for 3 bedroom homes decreased by -4.2%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in White Bear Lake, MN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price3 Homes

At Asking Price4 Homes

Under Asking Price8 Homes

Insight

If you're buying a home in White Bear Lake, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in White Bear Lake in February 2025, down by 34.8% month-over-month. Of the 15 sold homes, 53% were sold under asking, 27% were sold at asking, and and 20% were sold over asking.

Days on Market for White Bear Lake, MN

How long does it take to sell a home in White Bear Lake, MN?

Breakdown of Home Sale Times

Under 30 Days7 Homes

30 – 90 Days6 Homes

Over 90 Days2 Homes

Insight

Many homes in White Bear Lake are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 15 homes were sold in White Bear Lake; 47% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
44 DaysThis YearFeb 2025
45 Days1 year agoFeb 2024
-2.4 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in White Bear Lake had an average listing age of 44 days in Feb 2025, down by 2.4% compared to the previous year.

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Newest Listings in White Bear Lake, MN

What homes are available in White Bear Lake, MN?

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Last updated on: 3/13/2025, 11:22:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.