79 homes closed in Prior Lake between January 1, 2022 and March 31, 2022. Median sale price $450K, 6 days on market. This is a permanent quarterly record computed from closed MLS sales; once generated, the numbers on this page do not update.
79 homes closed in Prior Lake in Q1 2022, 9 more than the 70 that closed in Q1 2021. The median sale price came in at $450K, up 23.6 percent from $364K in Q1 2021. The typical sale went under contract in 6 days, 11 days faster than a year earlier. 51.9 percent of the quarter's sales closed over the asking price, and the average sale closed at 102.2 percent of list. 5 sales closed at $1 million or more. 7 of the quarter's closings were new construction.
| Metric | Q1 2022 | Q4 2021 | Q1 2021 |
|---|---|---|---|
| Median sale price | $450K | $462K | $364K |
| Closed sales | 79 | 167 | 70 |
| Median days on market | 6 | 13 | 17 |
| Sale-to-list | 102.2% | 100.5% | 100.6% |
| Bidding war rate | 51.9% | 40.7% | 50.0% |
| Avg $/sqft | $204 | $192 | $166 |
Neighbor columns show each quarter's own frozen report numbers.
Median closed price for the 8 quarters ending with Q1 2022.
| Month | Closed sales | Median price |
|---|---|---|
| January 2022 | 24 | $475K |
| February 2022 | 16 | $517K |
| March 2022 | 39 | $410K |
The medians summarize Q1 2022. 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 Q1 2022 was $450K, based on 79 closed MLS sales. That is 23.6% higher than Q1 2021.
The median time on market in Q1 2022 was 6 days. In Q1 2021 it was 17 days.
51.9% of Prior Lake sales closed over the asking price in Q1 2022. The average sale closed at 102.2% of the list price.
Data from NorthstarMLS via MLS Grid. This report covers closed residential sales in Prior Lake, MN from January 1, 2022 through March 31, 2022. 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.