Prior Lake Real Estate
Median Price$520K↑ 9.5%Days on Market21↓ 1Active Listings233Sale-to-List99.3%↓ 0.3New This Month26Bidding War Rate29.7%↓ 1.1%Avg $/SqFt$232Pending54Median Price$520K↑ 9.5%Days on Market21↓ 1Active Listings233Sale-to-List99.3%↓ 0.3New This Month26Bidding War Rate29.7%↓ 1.1%Avg $/SqFt$232Pending54

Current Market Conditions

A current look at inventory, pricing leverage, and what's moving in Prior Lake right now. Refreshed twice a day from the MLS.

Months of Supply
5.4mo
↓ -8.5% vs Aug 2025
5.4 months of supply puts Prior Lake in balanced territory. Neither buyers nor sellers have a clear edge.
Bidding War Rate
29.7%
↓ -1.1% vs Aug 2025
29.7% of homes sell above asking. Competitive, but not frenzied.
Median DOM
21days
↓ -4.5% vs Aug 2025
21 days is the typical time on market right now.

Inventory & Negotiability

How much is on the market, and how much room there is to negotiate.

Market Snapshot

A current look at inventory, seller behavior, and what's moving in Prior Lake right now.

233
Active
54
Pending
26
New This Month
14
Closed This Month
Negotiability Index
0.7%
Avg gap between list & sale price. Higher = more room to negotiate.
Concession Rate
32.2%
Share of sales where seller paid buyer concessions (closing costs, repairs, etc).
Avg Concession
$8,478
Average seller concession amount when concessions were given.
Property Type Mix (Last 6 Months)
Single Family Residence179 (68.6%)
Townhouse Side x Side53 (20.3%)
Townhouse Detached7 (2.7%)
Low Rise6 (2.3%)
Townhouse Quad/4 Corners2 (0.8%)
Twin Home1 (0.4%)

Performance by Price Range

Entry-level, mid-range, and luxury segments don't behave the same. Days on market, bidding wars, and negotiability all shift with price.

Price Range
Sales
Median DOM
Sale-to-List
Bidding Wars
Under $300K
23
22 days
98%
26.1%
$300K-$500K
97
16 days
100.2%
42.3%
$500K-$750K
69
26 days
99.9%
30.4%
$750K+
60
31 days
97.5%
10%
Talk to Mark

Thinking of selling? I'll pull the comps for your block.

I've worked in Prior Lake for 22 years. Give me your address and I'll tell you what your house is worth, what your street has done in the last 90 days, and what I'd list at. Takes about 20 minutes. No drip campaigns.

Send me a note →[email protected]
Related
Price Trends
Annual appreciation and monthly price movement.
Read →
Seller Strategy
Data-backed timing and pricing insights.
Read →
Price Tiers
How each price range is performing.
Read →
About this site
Mark Gores, RE/MAX Advantage Plus

I've been selling real estate in Prior Lake for 22 years. This dashboard pulls from the same MLS data I use every morning. If a number on here matters for a decision you're making, email me and I'll put it in context for your street.

[email protected]markgores.com
Data source

NorthstarMLS via MLS Grid API, filtered to Prior Lake. Every metric on this site is computed from raw closed-sale and active-listing records. No Zillow estimates, no third-party models.

Updated Aug 11, 2026 · 261 closed sales analyzed (last 6 months)