Lakeville Real Estate Market Report: August 2026
In August 2026, the median sale price in Lakeville was $512,845, essentially unchanged from a year earlier.
- Median Sales Price
- $512,845
- -0.2% vs. August 2025
- Homes for Sale
- 374
- +24.7% vs. August 2025
- Months Supply
- 4
- +14.3% vs. August 2025
- Balanced market
- Days on Market
- 58
- +18.4% vs. August 2025
- Closed Sales
- 133
- +25.5% vs. August 2025
- Percent of Original List Received
- 97.3%
- -2.4 pts vs. August 2025
What this means
Home values are holding steady within one percent of last year, with a median sale price of $512,845.
Homes are selling 9 days longer than last year, averaging 58 days on market, and sellers are receiving 97.3% of their original asking price.
The area is currently a balanced market with 4 months of supply. Active inventory is up 25% from last year to 374 homes for sale.
In a balanced market, neither side has a steep advantage, making careful pricing for sellers and steady negotiation for buyers the key to success.
Common questions about the Lakeville market
Is Lakeville a buyer's or seller's market?
Lakeville was a balanced market in August 2026, with 4 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 374 homes for sale.
How fast are homes selling in Lakeville?
Homes that sold in August 2026 spent an average of 58 days on market, 9 days slower than a year earlier. Sellers received 97.3% of their original list price on average.
Are home prices going up in Lakeville?
Prices were essentially flat, with a median sale price of $512,845.
Market trends in Lakeville
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| 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 |
| December 2025 | $477,450 | 78 | 62 | 2.6 |
| January 2026 | $500,000 | 49 | 99 | 2.9 |
| February 2026 | $477,000 | 62 | 83 | 3.1 |
| March 2026 | $475,000 | 65 | 70 | 3.6 |
| April 2026 | $525,000 | 97 | 58 | 3.8 |
| May 2026 | $525,000 | 115 | 63 | 4.1 |
| June 2026 | $513,000 | 143 | 46 | 4 |
| July 2026 | $530,000 | 119 | 45 | 4.3 |
| August 2026 | $512,845 | 133 | 58 | 4 |
How Lakeville compares with the Twin Cities region
In August 2026, the median sale price in Twin Cities (16-County Region) was $405,000, up 1.3% from a year earlier.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published September 12, 2026.
Report published .
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