Prior Lake Real Estate Market Report: July 2025
In July 2025, the median sale price in Prior Lake was $427,500.
- Median Sales Price
- $427,500
- No prior comparison
- Homes for Sale
- 115
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- Months Supply
- 3.2
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- Balanced market
- Days on Market
- 62
- No prior comparison
- Closed Sales
- 38
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- Percent of Original List Received
- 100.3%
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What this means
The median sale price is currently $427,500.
Homes are averaging 62 days on market, and sellers are receiving 100.3% of their original asking price.
The area is currently a balanced market with 3.2 months of supply. There are currently 115 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 Prior Lake market
Is Prior Lake a buyer's or seller's market?
Prior Lake was a balanced market in July 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 115 homes for sale.
How fast are homes selling in Prior Lake?
Homes that sold in July 2025 spent an average of 62 days on market. Sellers received 100.3% 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 |
| 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 |
How Prior Lake compares with the Twin Cities region
In July 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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