Lakeville Real Estate Market Report: October 2025
In October 2025, the median sale price in Lakeville was $502,610, down 1.9% from a year earlier.
- Median Sales Price
- $502,610
- -1.9% vs. October 2024
- Homes for Sale
- 282
- +4.1% vs. October 2024
- Months Supply
- 3.3
- +10% vs. October 2024
- Balanced market
- Days on Market
- 50
- +8.7% vs. October 2024
- Closed Sales
- 77
- -30% vs. October 2024
- Percent of Original List Received
- 98.2%
- +0.2 pts vs. October 2024
What this means
The median sale price has decreased by 2% from last year to $502,610, 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 50 days on market, and sellers are receiving 98.2% of their original asking price.
The area is currently a balanced market with 3.3 months of supply. Active inventory is up 4% from last year to 282 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 October 2025, with 3.3 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 282 homes for sale.
How fast are homes selling in Lakeville?
Homes that sold in October 2025 spent an average of 50 days on market, 4 days slower than a year earlier. Sellers received 98.2% of their original list price on average.
Are home prices going up in Lakeville?
No. The median sale price fell 1.9% year over year to $502,610. Price per square foot moved in the same direction (from $201 to $198), 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 |
How Lakeville compares with the Twin Cities region
In October 2025, the median sale price in Twin Cities (16-County Region) was $389,900, up 2.1% 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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