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Prior Lake Real EstateMark Gores · RE/MAX Advantage Plus

Prior Lake market report: Q4 2018

71 homes closed in Prior Lake between October 1, 2018 and December 31, 2018. Median sale price $383K, 35 days on market. This is a permanent quarterly record computed from closed MLS sales; once generated, the numbers on this page do not update.

Median sale price
$383K
Closed sales
71
Median days on market
35
Sale-to-list
97.9%
Sold over asking
15.5%
Price per sq ft
$156

The quarter in review

71 homes closed in Prior Lake in Q4 2018. The median sale price came in at $383K. The typical sale went under contract in 35 days. 15.5 percent of the quarter's sales closed over the asking price, and the average sale closed at 97.9 percent of list. 3 sales closed at $1 million or more. 3 of the quarter's closings were new construction.

Compared with the prior quarter and a year earlier

MetricQ4 2018Q3 2018
Median sale price$383K$330K
Closed sales71100
Median days on market3520
Sale-to-list97.9%99.0%
Sold over asking15.5%21.0%
Price per sq ft (avg)$156$156

Neighbor columns show each quarter's own frozen report numbers.

Median price, trailing quarters

$320K$340K$360K$380K$400KQ1 18Q2 18Q3 18Q4 18

Median closed price for the 4 quarters ending with Q4 2018.

Where the sales landed

Under $400K38 sales
$400K to $600K19 sales
$600K to $800K8 sales
$800K to $1M3 sales
$1M and up3 sales

Month by month

MonthClosed salesMedian price
October 201823$542K
November 201831$385K
December 201817$325K

Want the sale-by-sale numbers behind this report?

Leave your name and email, and Mark Gores of RE/MAX Advantage Plus will pull the Prior Lake sales behind this report from the MLS and send them to you.

One email with the numbers.

Common questions

What was the median home sale price in Prior Lake in Q4 2018?

The median sale price in Prior Lake in Q4 2018 was $383K, based on 71 closed MLS sales.

How fast did Prior Lake homes sell in Q4 2018?

The median time on market in Q4 2018 was 35 days.

Did Prior Lake homes sell over asking price in Q4 2018?

15.5% of Prior Lake sales closed over the asking price in Q4 2018. The average sale closed at 97.9% of the list price.

Data from NorthstarMLS via MLS Grid. This report covers closed residential sales in Prior Lake, MN from October 1, 2018 through December 31, 2018. Metrics are aggregates of closed sales; individual sold properties are not displayed. Report generated August 12, 2026 and frozen: unlike the live dashboard, the numbers on this page are a permanent record and do not update. Median days on market is computed over sales reporting a market time. All quarterly reports.

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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 10, 2026