Lakeville Real Estate Market Report: March 2026
In March 2026, the median sale price in Lakeville was $475,000, essentially unchanged from a year earlier.
- Median Sales Price
- $475,000
- +0% vs. March 2025
- Homes for Sale
- 302
- +31.9% vs. March 2025
- Months Supply
- 3.6
- +38.5% vs. March 2025
- Balanced market
- Days on Market
- 70
- +18.6% vs. March 2025
- Closed Sales
- 65
- -21.7% vs. March 2025
- Percent of Original List Received
- 97.9%
- -0.7 pts vs. March 2025
What this means
Home values are holding steady within one percent of last year, with a median sale price of $475,000.
Homes are selling 11 days longer than last year, averaging 70 days on market, and sellers are receiving 97.9% of their original asking price.
The area is currently a balanced market with 3.6 months of supply. Active inventory is up 32% from last year to 302 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 March 2026, with 3.6 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 302 homes for sale.
How fast are homes selling in Lakeville?
Homes that sold in March 2026 spent an average of 70 days on market, 11 days slower than a year earlier. Sellers received 97.9% of their original list price on average.
Are home prices going up in Lakeville?
Prices were essentially flat, with a median sale price of $475,000.
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 |
| 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 |
How Lakeville compares with the Twin Cities region
In March 2026, the median sale price in Twin Cities (16-County Region) was $380,000, essentially unchanged 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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