RE/MAX Advantage Plus · Mark GoresCall or text 612-201-5447RE/MAX Advantage Plus · Mark GoresCall or text 612-201-5447167 homes closed in Prior Lake between July 1, 2022 and September 30, 2022. Median sale price $495K, 17 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 Q3 2022, 31 fewer than the 198 that closed in Q3 2021. The median sale price came in at $495K, up 16.5 percent from $425K in Q3 2021. The typical sale went under contract in 17 days, 9 days slower than a year earlier. 43.1 percent of the quarter's sales closed over the asking price, and the average sale closed at 100.5 percent of list. 17 sales closed at $1 million or more. 6 of the quarter's closings were new construction.
| Metric | Q3 2022 | Q2 2022 | Q3 2021 |
|---|---|---|---|
| Median sale price | $495K | $515K | $425K |
| Closed sales | 167 | 174 | 198 |
| Median days on market | 17 | 7 | 8 |
| Sale-to-list | 100.5% | 102.6% | 101.9% |
| Sold over asking | 43.1% | 56.3% | 60.6% |
| Price per sq ft (avg) | $221 | $226 | $194 |
Neighbor columns show each quarter's own frozen report numbers.
Median closed price for the 8 quarters ending with Q3 2022.
| Month | Closed sales | Median price |
|---|---|---|
| July 2022 | 55 | $500K |
| August 2022 | 66 | $492K |
| September 2022 | 46 | $505K |
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The median sale price in Prior Lake in Q3 2022 was $495K, based on 167 closed MLS sales. That is 16.5% higher than Q3 2021.
The median time on market in Q3 2022 was 17 days. In Q3 2021 it was 8 days.
43.1% of Prior Lake sales closed over the asking price in Q3 2022. 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 July 1, 2022 through September 30, 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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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.