Lakeville Real Estate Market Report: May 2025
In May 2025, the median sale price in Lakeville was $543,850.
- Median Sales Price
- $543,850
- No prior comparison
- Homes for Sale
- 278
- No prior comparison
- Months Supply
- 3.2
- No prior comparison
- Balanced market
- Days on Market
- 50
- No prior comparison
- Closed Sales
- 108
- No prior comparison
- Percent of Original List Received
- 99.2%
- No prior comparison
What this means
The median sale price is currently $543,850.
Homes are averaging 50 days on market, and sellers are receiving 99.2% of their original asking price.
The area is currently a balanced market with 3.2 months of supply. There are currently 278 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 May 2025, with 3.2 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 278 homes for sale.
How fast are homes selling in Lakeville?
Homes that sold in May 2025 spent an average of 50 days on market. Sellers received 99.2% of their original list price on average.
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 |
How Lakeville compares with the Twin Cities region
In May 2025, the median sale price in Twin Cities (16-County Region) was $395,000.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published August 24, 2026.
Report published .
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