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Gem Lake, MN real estate

Compare top Gem Lake real estate agents.

Agent Pronto analyzes transaction data, agent specialties, and client reviews to handpick the best agents in your area. Updated for October 2026.*


* Sales data is calculated based on transaction information available to Agent Pronto at the time of publishing and may not accurately reflect all transactions for a given agent.

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Gem Lake real estate Market Report.

Information and statistics on the latest trends in the Gem Lake real estate market. *

Latest Rolling 3-Month Snapshot

Jul 1, 2026 - Sep 30, 2026

Median sale price
$505K
-24% from Q2 '26
Median list price
$774K
-33% from Q2 '26
Active listings
4
+100% from Q2 '26
Homes sold
1
-50% from Q2 '26
New pendings
2
No change from Q2 '26
New listings
2
No change from Q2 '26

Quarterly Pricing Trends for Gem Lake

Rolling three-month data ending on quarter boundaries when available.

Quarterly Pricing Trends for Gem Lake Q4 '21 Q4 '22 Q4 '23 Q4 '24 Q4 '25 Q3 '26 Median sale price in Oct 2021 - Dec 2021: $700K Median sale price in Apr 2022 - Jun 2022: $415K Median sale price in Jul 2022 - Sep 2022: $700K Median sale price in Oct 2022 - Dec 2022: $580K Median sale price in Apr 2023 - Jun 2023: $658K Median sale price in Oct 2023 - Dec 2023: $653K Median sale price in Jan 2024 - Mar 2024: $754K Median sale price in Jul 2024 - Sep 2024: $640K Median sale price in Oct 2024 - Dec 2024: $435K Median sale price in Jan 2025 - Mar 2025: $720K Median sale price in Apr 2025 - Jun 2025: $1M Median sale price in Jul 2025 - Sep 2025: $738K Median sale price in Jan 2026 - Mar 2026: $715K Median sale price in Apr 2026 - Jun 2026: $664K Median sale price in Jul 2026 - Sep 2026: $505K Median list price in Oct 2021 - Dec 2021: $370K Median list price in Jan 2022 - Mar 2022: $730K Median list price in Apr 2022 - Jun 2022: $425K Median list price in Jul 2022 - Sep 2022: $695K Median list price in Jan 2023 - Mar 2023: $675K Median list price in Apr 2023 - Jun 2023: $660K Median list price in Oct 2023 - Dec 2023: $862K Median list price in Apr 2024 - Jun 2024: $700K Median list price in Jul 2024 - Sep 2024: $500K Median list price in Oct 2024 - Dec 2024: $260K Median list price in Jan 2025 - Mar 2025: $999K Median list price in Apr 2025 - Jun 2025: $535K Median list price in Jul 2025 - Sep 2025: $1.2M Median list price in Oct 2025 - Dec 2025: $735K Median list price in Jan 2026 - Mar 2026: $325K Median list price in Apr 2026 - Jun 2026: $1.2M Median list price in Jul 2026 - Sep 2026: $774K Oct 2021 - Dec 2021 Median sale price $700K Median list price $370K Jan 2022 - Mar 2022 Median sale price Unknown Median list price $730K Apr 2022 - Jun 2022 Median sale price $415K Median list price $425K Jul 2022 - Sep 2022 Median sale price $700K Median list price $695K Oct 2022 - Dec 2022 Median sale price $580K Median list price Unknown Jan 2023 - Mar 2023 Median sale price Unknown Median list price $675K Apr 2023 - Jun 2023 Median sale price $658K Median list price $660K Jul 2023 - Sep 2023 Median sale price Unknown Median list price Unknown Oct 2023 - Dec 2023 Median sale price $653K Median list price $862K Jan 2024 - Mar 2024 Median sale price $754K Median list price Unknown Apr 2024 - Jun 2024 Median sale price Unknown Median list price $700K Jul 2024 - Sep 2024 Median sale price $640K Median list price $500K Oct 2024 - Dec 2024 Median sale price $435K Median list price $260K Jan 2025 - Mar 2025 Median sale price $720K Median list price $999K Apr 2025 - Jun 2025 Median sale price $1M Median list price $535K Jul 2025 - Sep 2025 Median sale price $738K Median list price $1.2M Oct 2025 - Dec 2025 Median sale price Unknown Median list price $735K Jan 2026 - Mar 2026 Median sale price $715K Median list price $325K Apr 2026 - Jun 2026 Median sale price $664K Median list price $1.2M Jul 2026 - Sep 2026 Median sale price $505K Median list price $774K
Median sale price
Median list price
* Data provided by Redfin, a national real estate brokerage.
20
Seller’s Market
Seller’s Market
Buyer’s Market
0
25
50
75
100

Market gauge is calculated using active listings and pending sales from the most recently available reporting period (Jul 2026 - Sep 2026).

Inventory in Gem Lake has shifted notably in this rolling three-month view, with active listings roughly doubling compared with a year ago and new listings also a little more than doubling. Even with just a handful of properties on the market, contract activity has kept pace, as pending sales are up by a similar percentage year over year, indicating that buyers are still engaging when homes are listed.

Prices are adjusting downward after recent peaks, with the typical home value down by about one-third from a year earlier in this three-month window. At the same time, sellers are cutting asking prices as the median list price has also dropped by about a third year over year, yet homes are still closing very close to asking with an average sale-to-list ratio around 99 percent.

Time on market tells a mixed story, as the median days on market has risen about 29 percent versus last year, but has fallen sharply compared with earlier this year, signaling that well-positioned homes are still finding buyers. No recent sales have closed above list price, which underscores how buyers now have a bit more leverage even though the broader gauge still describes conditions as a seller’s market, and Agent Pronto can connect both buyers and sellers with an agent who understands these dynamics.



Learn more about what Gem Lake has to offer.

Gem Lake offers residents a serene lakeside lifestyle, a tight-knit community, and convenient access to outdoor recreation and essential amenities.

Gem Lake is a small, primarily residential community just northeast of Saint Paul, offering quick access to major routes yet a calm, low-traffic feel. With a population of only a few hundred residents, it appeals to people who want elbow room, larger lots, and easy connections to nearby employment centers.

Daily convenience is anchored by nearby shopping and services along County Road E and Highway 61, including supermarkets, fitness options, and dining. Families often look to the White Bear Lake Area Schools, such as White Bear Lake Area High School and Otter Lake Elementary, which serve Gem Lake and surrounding neighborhoods. For outdoor time, residents enjoy access to Tamarack Nature Center, with year round programs and trails, and nearby Keller Regional Park along the chain of lakes to the south.

Urban amenities are close at hand. Downtown Saint Paul, with attractions like CHS Field and the Saint Paul Public Library, is a straightforward drive, and neighboring communities such as Maplewood and White Bear Lake broaden your options for dining, healthcare, and entertainment.

Because Gem Lake is small and zoning is varied, market conditions can differ block to block. A knowledgeable local agent can clarify realistic pricing, timing, and competition, helping buyers secure the right property and helping current residents sell with less stress. Agent Pronto connects both buyers and sellers with the right Gem Lake real estate professional to make that process smoother.

Find your Gem Lake real estate agent today →


Trusted by over 500,000 buyers and sellers.

See why so many people rely on Agent Pronto to make their real estate journey a success.

“Ryan provided such a wonderful real estate experience for us which all started at the early stages of planning prior to listing our White Bear Lake, MN home. During the early planning stages Ryan provided recommendations and offered guidance to market our home in this unique real estate market. After a few months of planning we listed our home with Ryan and it SOLD in just a couple days. During this time we still had not found our next home to purchase. Within a short period of time and with Ryan's large network we were notified of a new listing coming up. In a matter of a couple days we had signed and had a closing date on our NEW home that we plan to raise our family in. Ryan's truly responsible for making our experience so positive and stress free. Since closing we have recommended Ryan to friends and family. If you are looking for a top-notch real estate professional I would recommended looking no further and start your own experience with him.”

Barbara Ladd · White Bear Lake, MN

Photo of Ryan Mann
Coldwell Banker Realty
“Stevie was so incredibly patient and helpful in our home search and beyond. Couldn't recommend her enough.”

Abigail · South Saint Paul, MN

Photo of Stephanie Wimber
RE/MAX Advantage Plus
“I purchased my first home with the help of Heather Warner. From a quick google search of realators specializing in first time homebuyers I found the Barker Hedges team which led me to Heather. Leaning heavily on her experience I had unwavering faith in her to provide valuable consultation in all aspects of the house buying process. Strongly reccomend Heather to any homebuyers. She simplified the process for me tremedously and will was extremely honest in the house touring process. She will be a strong voice for you communicating at a very high level.”

Nate · Blaine, MN

Photo of Heather Warner
RE/MAX REMAX Results
“The team was efficient, thoughtful, disciplined and committed. The access to immediate contractor support was also helpful.”

Peter & Wendy Gay · Eagan, MN

Photo of Deanna Brumbaugh
RE/MAX Advantage Plus
“Amy was very helpful and knowledgeable. Everything went well.”

Barbara S. · Minneapolis, MN

Photo of Amy Westerlund
Keller Williams Premier Realty
“I was pleasantly surprised when I only had 1 phone call from realtors. My realtor (Jeremy) was amazing. I believe his commitment is what sold the house. He was very fluent in keeping in touch and letting me know what was happening.”

Tammey A. · Coon Rapids, MN

Photo of Jeremy Ellingson
RE/MAX Advantage Plus
“Christina was an excellent Realtor to work with. Everything went very smoothly from start to finish.”

Dave K. · North Saint Paul, MN

Photo of Christina Chatlain
Keller Williams Premier Realty
“My family enjoyed working with Polina! She was friendly and always kept things real! She was more then just an agent!! Polina, was always easy to communicate with and promptly answered any questions or concerns!”

Heather · Inver Grove Heights, MN

Photo of The Kilpela Group
National Realty Guild
“Awesome agent. Took time to listen to my needs and desires and went out to find my dream house. This guys knows how to get the job done. I wish more people had the compassion and skill. This was a very pleasant experience.”

Diane and Jesse · North Branch, MN

Photo of The Mike VanGrinsven Group
RE/MAX Professionals
“This service was fast and easy to use. I ended up using the first realtor that came up, and she turned out to be just fabulous.”

Gregg D. · West Saint Paul, MN

Photo of Misty May & Team
Coldwell Banker Realty
“My partner and I worked with Kong for 4 months and he helped us buy our home. Throughout the whole process, Kong was extremely professional, responsive, honest and knowledgeable. He really worked with our availability during all the showings. He also helped us through a difficult situation with the sellers. We would definitely recommend and work with Kong again!”

Kelsey · St. Paul, MN

Photo of Kong Lee
Partners REalty
“Glad to have made this decision to use Jeff. He did a good job for us!”

Judi G. · Oak Grove, MN

Photo of Jeff Tollefson
RE/MAX Real Estate Properties
“Collin really took the time to make sure we understood everything about the process of buying our home. He was patient with us and never pressured us into settling.”

Jade Erickson · St. Paul, MN

Photo of Collin Vold
EXP Realty MN

Frequently Asked Questions

There are more than 2 million real estate agents across the U.S., and you want to be sure the one you partner with is an experienced and trustworthy professional with strong local expertise covering the housing market in and around Gem Lake. Working with a proven agent will help you sell your home faster and for more money, and help you find your dream home at the best possible price.


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