Prior Lake Real Estate
Median Price$505K↑ 3.6%Days on Market23↑ 3Active Listings195Sale-to-List99.2%↓ 0.3New This Month72Bidding War Rate27.3%↓ 3.5%Avg $/SqFt$235Pending47Median Price$505K↑ 3.6%Days on Market23↑ 3Active Listings195Sale-to-List99.2%↓ 0.3New This Month72Bidding War Rate27.3%↓ 3.5%Avg $/SqFt$235Pending47

Current Market Conditions

A real-time look at inventory, pricing leverage, and what's moving in Prior Lake right now.

Months of Supply
5.2mo
↓ -11.9% vs Jun 2025
5.2 months of supply puts Prior Lake in balanced territory. Neither buyers nor sellers have a clear edge.
Bidding War Rate
27.3%
↓ -3.5% vs Jun 2025
27.3% of homes sell above asking. Competitive, but not frenzied.
Median DOM
23days
↑ +15% vs Jun 2025
23 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 real-time look at inventory, seller behavior, and what's moving in Prior Lake right now.

195
Active
47
Pending
72
New This Month
38
Closed This Month
Negotiability Index
0.8%
Avg gap between list & sale price. Higher = more room to negotiate.
Concession Rate
33%
Share of sales where seller paid buyer concessions (closing costs, repairs, etc).
Avg Concession
$8,829
Average seller concession amount when concessions were given.
Property Type Mix (Last 6 Months)
Single Family113 (50.4%)
(TH) Side x Side40 (17.9%)
Single Family Residence37 (16.5%)
Townhouse Side x Side12 (5.4%)
(TH) Detached4 (1.8%)
Townhouse Detached2 (0.9%)

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
19
21 days
98.1%
21.1%
$300K-$500K
88
19 days
100.2%
38.6%
$500K-$750K
53
26 days
99.8%
24.5%
$750K+
56
32 days
97.5%
14.3%
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 Jun 28, 2026 · 224 closed sales analyzed (last 6 months)