Prior Lake Real Estate Market Report: February 2025
In February 2025, the median sale price in Prior Lake was $430,000.
- Median Sales Price
- $430,000
- No prior comparison
- Homes for Sale
- 76
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- Months Supply
- 2.2
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- Seller's market
- Days on Market
- 91
- No prior comparison
- Closed Sales
- 14
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- Percent of Original List Received
- 96.7%
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What this means
The median sale price is currently $430,000.
Homes are averaging 91 days on market, and sellers are receiving 96.7% of their original asking price.
The area is currently a seller's market with 2.2 months of supply. There are currently 76 homes for sale.
In this seller's market, buyers should be prepared to act quickly, while sellers can generally expect strong interest if priced correctly.
Common questions about the Prior Lake market
Is Prior Lake a buyer's or seller's market?
Prior Lake was a seller's market in February 2025, with 2.2 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 76 homes for sale.
How fast are homes selling in Prior Lake?
Homes that sold in February 2025 spent an average of 91 days on market. Sellers received 96.7% of their original list price on average.
Market trends in Prior Lake
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| August 2024 | $520,000 | 43 | 63 | 3.5 |
| 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 |
How Prior Lake compares with the Twin Cities region
In February 2025, the median sale price in Twin Cities (16-County Region) was $380,000.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published August 24, 2026.
Report published .
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