RE/MAX Advantage Plus · Mark GoresCall or text 612-201-5447RE/MAX Advantage Plus · Mark GoresCall or text 612-201-5447Side by side market data for Prior Lake and Shakopee, refreshed twice a day from the MLS. Median sale price $535K versus $422K over the last six months, with 19 and 21 median days on market.
| Measure | Prior Lake | Shakopee |
|---|---|---|
| Median sale price (6 months) | $535K | $422K |
| Price per sq ft, average (6 months) | $238 | $200 |
| Median days on market (6 months) | 19 | 21 |
| Sale-to-list ratio (6 months) | 99.3% | 99.9% |
| Sold over asking (12 months) | 26.8% | 29.7% |
| List-to-sale gap (12 months) | 1.1% | 0.4% |
| Months of supply (12-month sales pace) | 4.0 | 3.7 |
| Closed sales (12 months) | 459 | 683 |
| For sale now | 153 | 213 |
Price, days on market, sale-to-list, and price per square foot use the last 6 months of closed sales. Sold over asking and the list-to-sale gap use the trailing 12 months. Months of supply is the number of homes for sale now divided by the average number of home sales a month over the last 12 months.
Monthly median sale price over the last 12 months. Months with fewer than 4 sales are left out. Each chart scales to its own price range, so compare the shape of the trend, not the height of the lines.
For buyers, the last six months put the median sale at $535K in Prior Lake and $422K in Shakopee. That's a $113K gap, about 21% of the Prior Lake median. Homes went pending in a median of 19 days in Prior Lake versus 21 days in Shakopee, which gives buyers in Prior Lake 2 fewer days on a typical listing to reach a decision.
For sellers, sale-to-list came in at 99.3% in Prior Lake and 99.9% in Shakopee. 26.8% of Prior Lake sales closed over asking in the trailing 12 months, against 29.7% in Shakopee. Sellers in Shakopee saw offers clear the list price more often. The list-to-sale gap ran 1.1% versus 0.4%. The smaller list-to-sale gap in Shakopee means closed prices landed closer to list there.
Data from NorthstarMLS via MLS Grid. Metrics reflect closed residential sales within each city. Current period for price, days on market, sale-to-list, and price per square foot is the last 6 months. Sold over asking and the list-to-sale gap use the trailing 12 months. Based on 459 Prior Lake and 683 Shakopee closed sales over the last 12 months.
Reach Mark Gores of RE/MAX Advantage Plus directly. He can put any number on this site in context for your street or your house.
I built this site so anyone can see the Prior Lake market the way I do: every listing and every sale from the NorthstarMLS feed, updated twice a day. If a number here matters for a decision you’re making, ask me about it.
NorthstarMLS through the MLS Grid feed, filtered to Prior Lake. Every number on this site is computed from the listing and sale records themselves.