The Lake Josephine housing market is very competitive. The median sale price of a home in Lake Josephine was $304K last month, down 12.4% since last year. The median sale price per square foot in Lake Josephine is $164, down 16.1% since last year.
What is the housing market like in Lake Josephine today?
In May 2025, Lake Josephine home prices were down 12.4% compared to last year, selling for a median price of $304K. On average, homes in Lake Josephine sell after 35 days on the market compared to 11 days last year. There were 10 homes sold in May this year, down from 11 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$304,000
-12.4% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Lake Josephine, MN
$304,000
-12.4%
United States
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How hot is the Lake Josephine housing market?
Lake Josephine is very competitive. Homes sell in 21.5 days.
0
100
74
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 22 days.
Hot homes
can sell for about 2% above list price and go pending in around 8 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Lake Josephine housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Lake Josephine.
Flood Factor - Minor
5% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lake Josephine has a minor risk of flooding. 18 properties in Lake Josephine are likely to be
severely affected
by flooding over the next 30 years. This represents 5% of all properties in Lake Josephine. Flood risk is increasing slower than the national average.
7% of properties are at risk of wildfire over the next 30 years
Fire Factor
Lake Josephine has a moderate risk of wildfire. There are 71 properties in Lake Josephine that have some risk of being affected by wildfire over the next 30 years. This represents 7% of all properties in Lake Josephine.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Lake Josephine has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Lake Josephine is most at risk from severe storms. 931 properties in Lake Josephine have some risk of being in a severe wind event within the next 30 years.