Prior Lake, MN
Housing market overview · Updated weekly
$492,500median sale price
Homes sold
16
Last 12 weeks
Days on market
50
Average pace
Active listings
66
4.1 months supply
Sale-to-list
97.3%
Below asking
The Prior Lake housing market is currently classified as a balanced market with a median sale price of $492,500. Prices have risen 14.5% compared to last year, with homes spending an average of 50 days on market, indicating 4.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Prior Lake?
The median home sale price in Prior Lake is $492,500, up 14.5% from last year.
How long do homes stay on market in Prior Lake?
Homes typically spend 50 days on market before going under contract.
Is Prior Lake a buyer's or seller's market?
With 4.1 months of supply, Prior Lake is currently a balanced market.
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