Prior Lake Real Estate
Median Price$520K9.5%Days on Market211Active Listings234Sale-to-List99.3%0.3New This Month26Bidding War Rate29.7%1.1%Avg $/SqFt$232Pending54Median Price$520K9.5%Days on Market211Active Listings234Sale-to-List99.3%0.3New This Month26Bidding War Rate29.7%1.1%Avg $/SqFt$232Pending54

Prior Lake Market Report: Q3 2019

90 homes closed in Prior Lake between July 1, 2019 and September 30, 2019. Median sale price $400K, 20 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
$400K
21.4%vs Q3 2018
Closed Sales
90
10.0%vs Q3 2018
Days on Market
20
unchangedvs Q3 2018
Sale-to-List
99.2%
0.2 ptsvs Q3 2018
Bidding War Rate
28.9%
7.9 ptsvs Q3 2018
share of sales closing over asking
Avg $/SqFt
$160
2.6%vs Q3 2018

The quarter in review

90 homes closed in Prior Lake in Q3 2019, 10 fewer than the 100 that closed in Q3 2018. The median sale price came in at $400K, up 21.4 percent from $330K in Q3 2018. The typical sale went under contract in 20 days, the same pace as a year earlier. 28.9 percent of the quarter's sales closed over the asking price, and the average sale closed at 99.2 percent of list. 5 sales closed at $1 million or more. 6 of the quarter's closings were new construction.

Q3 2019 against its neighbors

MetricQ3 2019Q2 2019Q3 2018
Median sale price$400K$365K$330K
Closed sales9089100
Median days on market202420
Sale-to-list99.2%99.2%99.0%
Bidding war rate28.9%30.3%21.0%
Avg $/sqft$160$156$156

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

Median price, trailing quarters

$334K$351K$369K$386KQ1 18Q2 18Q3 18Q4 18Q1 19Q2 19Q3 19Median Sale Price

Median closed price for the 7 quarters ending with Q3 2019.

Where the sales landed

Under $400K44 sales
$400K to $600K29 sales
$600K to $800K9 sales
$800K to $1M3 sales
$1M and up5 sales

Month by month

MonthClosed salesMedian price
July 201934$392K
August 201936$447K
September 201920$385K

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

The medians summarize Q3 2019. The individual sales tell the story. 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 personally.

One email with the numbers. No drip campaign, no list.

Common Questions

What was the median home sale price in Prior Lake in Q3 2019?

The median sale price in Prior Lake in Q3 2019 was $400K, based on 90 closed MLS sales. That is 21.4% higher than Q3 2018.

How fast did Prior Lake homes sell in Q3 2019?

The median time on market in Q3 2019 was 20 days. That matches Q3 2018.

Did Prior Lake homes sell over asking price in Q3 2019?

28.9% of Prior Lake sales closed over the asking price in Q3 2019. The average sale closed at 99.2% of the list price.

Data from NorthstarMLS via MLS Grid. This report covers closed residential sales in Prior Lake, MN from July 1, 2019 through September 30, 2019. 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.

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.

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.

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 12, 2026