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Prior Lake Real EstateMark Gores · RE/MAX Advantage Plus

Prior Lake market conditions

How much is for sale, how fast it's selling and how much room there is to negotiate. Updated twice a day from the NorthstarMLS feed.

Months of supply
3.5months
131 for sale, 455 sold in the last 12 months
3 to 6 months of supply is a balanced market by the usual yardstick.
Sold over asking
27.3%
Down 7.4 points from a year earlier
Share of sales in the last six months that closed above the final list price.
Median days on market
21days
Up from 18 days a year earlier
Typical time on the market before a purchase agreement, last six months.

Months of supply: Based on information from the Regional Multiple Listing Service of Minnesota, Inc. for the period November 11, 2025 through November 11, 2026. Sold over asking and days on market: Based on information from the Regional Multiple Listing Service of Minnesota, Inc. for the period May 11, 2026 through November 11, 2026. Data believed to be accurate but should be independently verified.

Inventory

Residential listings in Prior Lake right now, and this month’s activity. 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.

For sale
131
Under contract
33
New this month
9
Sold this month
6

Room to negotiate

Closed Prior Lake sales from the last six months.

List-to-sale gap
0.9%
Average distance from the final list price down to the sale price. Below zero means homes sold above list on average.
Sales with concessions
28.9%
Share of sales where the seller paid something toward the buyer's costs, like closing costs or repairs.
Average concession
$8,255
Among the sales that had one.

What sold

Closed sales in the last six months, by type of home.

TypeSalesShareShare of sales
Single-family house19872.5%
Townhome, side by side5219%
Detached townhome41.5%
Condo31.1%
Twin home10.4%
Townhome, quad10.4%

This month’s activity: Based on information from the Regional Multiple Listing Service of Minnesota, Inc. for the period November 1, 2026 through November 11, 2026. Room to negotiate and what sold: Based on information from the Regional Multiple Listing Service of Minnesota, Inc. for the period May 11, 2026 through November 11, 2026. Data believed to be accurate but should be independently verified.

By price range

Closed sales from the last six months, split by sale price.

Sale priceSalesMedian daysSale-to-listSold over asking
Under $300K182598.2%16.7%
$300K to $500K971499.9%37.1%
$500K to $750K752299.5%26.7%
$750K and up663197.8%16.7%

Based on information from the Regional Multiple Listing Service of Minnesota, Inc. for the period May 11, 2026 through November 11, 2026. Data believed to be accurate but should be independently verified.

Mark Gores, RE/MAX Advantage Plus
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Questions about the Prior Lake market?

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.

Mark Gores, RE/MAX Advantage Plus
Mark Gores, RE/MAX Advantage Plus

I built this site so anyone can see the Prior Lake market the way I do: the Prior Lake listings and sales in 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.

Updated Nov 11, 2026 · 273 closed sales in the last 6 months