Lakeville Real Estate Market Report: November 2025
In November 2025, the median sale price in Lakeville was $539,900, up 22.7% from a year earlier.
- Median Sales Price
- $539,900
- +22.7% vs. November 2024
- Homes for Sale
- 248
- -2.4% vs. November 2024
- Months Supply
- 2.9
- +3.6% vs. November 2024
- Seller's market
- Days on Market
- 56
- +7.7% vs. November 2024
- Closed Sales
- 73
- -9.9% vs. November 2024
- Percent of Original List Received
- 95.7%
- -1.7 pts vs. November 2024
What this means
The median sale price has increased by 23% from last year to $539,900, and a similar trend in price per square foot suggests this is a real move in values rather than a change in the mix of homes selling.
Homes are selling 4 days longer than last year, averaging 56 days on market, and sellers are receiving 95.7% of their original asking price.
The area is currently a seller's market with 2.9 months of supply. Active inventory is down 2% from last year to 248 homes for sale.
In this seller's market, buyers should be prepared to act quickly, while sellers can generally expect strong interest if priced correctly.
Common questions about the Lakeville market
Is Lakeville a buyer's or seller's market?
Lakeville was a seller's market in November 2025, with 2.9 months of supply. Under about 3 months generally favors sellers, 3 to 6 months is considered balanced, and over 6 months favors buyers. There were 248 homes for sale.
How fast are homes selling in Lakeville?
Homes that sold in November 2025 spent an average of 56 days on market, 4 days slower than a year earlier. Sellers received 95.7% of their original list price on average.
Are home prices going up in Lakeville?
Yes. The median sale price rose 22.7% year over year to $539,900. Price per square foot moved in the same direction (from $201 to $208), which suggests a real change in values rather than a shift in the mix of homes sold.
Market trends in Lakeville
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| August 2024 | $470,000 | 109 | 39 | 3.1 |
| September 2024 | $483,288 | 80 | 32 | 3.2 |
| October 2024 | $512,500 | 110 | 46 | 3 |
| November 2024 | $439,900 | 81 | 52 | 2.8 |
| December 2024 | $505,000 | 72 | 59 | 2.4 |
| January 2025 | $508,750 | 48 | 62 | 2.4 |
| February 2025 | $490,000 | 59 | 73 | 2.5 |
| March 2025 | $475,000 | 83 | 59 | 2.6 |
| April 2025 | $497,995 | 84 | 58 | 3 |
| May 2025 | $543,850 | 108 | 50 | 3.2 |
| June 2025 | $499,995 | 128 | 39 | 3.4 |
| July 2025 | $514,000 | 85 | 32 | 3.3 |
| August 2025 | $514,000 | 106 | 49 | 3.5 |
| September 2025 | $479,900 | 85 | 64 | 3.6 |
| October 2025 | $502,610 | 77 | 50 | 3.3 |
| November 2025 | $539,900 | 73 | 56 | 2.9 |
How Lakeville compares with the Twin Cities region
In November 2025, the median sale price in Twin Cities (16-County Region) was $387,000, up 2.9% from a year earlier.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published August 24, 2026.
Report published .
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