Prior Lake Real Estate Market Reports
Published monthly figures and local context for Prior Lake.
Latest published report
August 2026
In August 2026, the median sale price in Prior Lake was $570,500, up 12.4% from a year earlier.
The median sale price has increased by 12% from last year to $570,500, though an opposite trend in price per square foot suggests this change more likely reflects the mix of homes that sold.
Homes are selling 3 days more quickly than last year, averaging 52 days on market, and sellers are receiving 97.3% of their original asking price.
The area is currently a balanced market with 3.5 months of supply. Active inventory is holding steady at 121 homes for sale.
Market trends in Prior Lake
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| September 2024 | $439,950 | 42 | 33 | 3.2 |
| 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 | 3.6 |
| 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 |
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Data: NorthstarMLS Local Market Update via 10K Research, published September 12, 2026.