Prior Lake Real Estate Market Reports
Published monthly figures and local context for Prior Lake.
Latest published report
September 2026
In September 2026, the median sale price in Prior Lake was $500,000, down 2.9% from a year earlier.
The median sale price has decreased by 3% from last year to $500,000, though an opposite trend in price per square foot suggests this change more likely reflects the mix of homes that sold.
Homes are selling 4 days longer than last year, averaging 48 days on market, and sellers are receiving 96.5% of their original asking price.
The area is currently a balanced market with 3.8 months of supply. Active inventory is down 3% from last year to 131 homes for sale.
Market trends in Prior Lake
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| October 2024 | $492,500 | 54 | 54 | 2.5 |
| November 2024 | $639,873 | 36 | 65 | 2.1 |
| December 2024 | $465,000 | 25 | 50 | 1.8 |
| January 2025 | $520,000 | 17 | 85 | 1.9 |
| February 2025 | $430,000 | 14 | 91 | 2.2 |
| March 2025 | $430,000 | 33 | 73 | 2.5 |
| April 2025 | $471,250 | 34 | 38 | 2.9 |
| May 2025 | $537,000 | 39 | 46 | 3.3 |
| June 2025 | $485,000 | 47 | 59 | 3.4 |
| July 2025 | $427,500 | 38 | 62 | 3.2 |
| August 2025 | $507,500 | 52 | 55 | 3.4 |
| September 2025 | $515,000 | 33 | 44 | 3.9 |
| October 2025 | $507,500 | 44 | 50 | 3.5 |
| November 2025 | $500,000 | 25 | 53 | 2.9 |
| December 2025 | $420,500 | 31 | 92 | 1.9 |
| January 2026 | $492,500 | 16 | 112 | 1.9 |
| February 2026 | $492,500 | 18 | 41 | 2.3 |
| March 2026 | $441,500 | 31 | 88 | 2.4 |
| April 2026 | $465,000 | 43 | 58 | 2.6 |
| May 2026 | $525,000 | 53 | 76 | 3 |
| June 2026 | $490,000 | 35 | 38 | 3.4 |
| July 2026 | $508,500 | 44 | 43 | 3.6 |
| August 2026 | $570,500 | 42 | 52 | 3.5 |
| September 2026 | $500,000 | 37 | 48 | 3.8 |
All monthly reports
2024
2025
Continue exploring
Track your home's value and upkeep, free
Create a free My Home account for your address. Get a monthly maintenance checklist tailored to your appliances, warranty and weather alerts, and a running record of everything you've done to your home.
- Monthly maintenance checklist
- Appliance, warranty and weather alerts
- Your home's upkeep record
Data: NorthstarMLS Local Market Update via 10K Research, published October 12, 2026.