Prior Lake, MN Home Values & Market Trends
Real estate market trends reflect that there have been 577 transactions over the past year in Prior Lake. The median value for residential home transactions that occurred over the previous year is $486,201.64. The number of current listings in Prior Lake is 50, and the percentage of properties for sale in the city is 50.00%. Prior Lake, MN currently has 6 properties in foreclosure, 0 bank owned properties, 6 properties headed for auction, and 50 properties for sale.
Prior Lake, MN Real Estate Market Overview
Zip | Median Est. Value |
---|---|
55372 | $ 574,950 $ 207/sqft |
Housing Market Summary for Prior Lake, MN
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $577.5K | $510K | -11.69% |
Median Sold Price | $460.8K | $510K | 10.68% |
Homes For Sale | 66 | 48 | -27.27% |
Homes Sold | 321 | 393 | 22.43% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Prior Lake, MN
Browse Homes in Prior Lake, MN
Prior Lake home values range from $24,546 to $4,758,205. The median estimated value of a home in Prior Lake is $486,201.64. The median list price of a home is 554,950, and the total count of properties in the city is 12,666.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Prior Lake, MN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Prior Lake, MN; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Prior Lake, MN ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Prior Lake, MN. There is 1 zips within Prior Lake, MN; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions55372 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Prior Lake, MN. Auction homes and other auction properties account for 0.05% of all properties in Prior Lake, MN. There is 1 zips within Prior Lake, MN; of that zips, the median estimated home value for homes going to auction ranges from $2,173,638 in 55372 to the lowest value of $154,833 in 55372.
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More Real Estate Resources for Prior Lake, MN
Guide for Prior Lake, MN
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