167 homes closed in Prior Lake between October 1, 2021 and December 31, 2021. Median sale price $462K, 13 days on market. This is a permanent quarterly record computed from closed MLS sales; once generated, the numbers on this page do not update.
167 homes closed in Prior Lake in Q4 2021, 12 more than the 155 that closed in Q4 2020. The median sale price came in at $462K, up 15.5 percent from $400K in Q4 2020. The typical sale went under contract in 13 days, 2 days faster than a year earlier. 40.7 percent of the quarter's sales closed over the asking price, and the average sale closed at 100.5 percent of list. 9 sales closed at $1 million or more. 14 of the quarter's closings were new construction.
| Metric | Q4 2021 | Q3 2021 | Q4 2020 |
|---|---|---|---|
| Median sale price | $462K | $425K | $400K |
| Closed sales | 167 | 198 | 155 |
| Median days on market | 13 | 8 | 15 |
| Sale-to-list | 100.5% | 101.9% | 101.0% |
| Bidding war rate | 40.7% | 60.6% | 45.8% |
| Avg $/sqft | $192 | $194 | $173 |
Neighbor columns show each quarter's own frozen report numbers.
Median closed price for the 8 quarters ending with Q4 2021.
| Month | Closed sales | Median price |
|---|---|---|
| October 2021 | 69 | $487K |
| November 2021 | 47 | $520K |
| December 2021 | 51 | $400K |
The medians summarize Q4 2021. 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.
The median sale price in Prior Lake in Q4 2021 was $462K, based on 167 closed MLS sales. That is 15.5% higher than Q4 2020.
The median time on market in Q4 2021 was 13 days. In Q4 2020 it was 15 days.
40.7% of Prior Lake sales closed over the asking price in Q4 2021. The average sale closed at 100.5% of the list price.
Data from NorthstarMLS via MLS Grid. This report covers closed residential sales in Prior Lake, MN from October 1, 2021 through December 31, 2021. 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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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.