RE/MAX Advantage Plus · Mark GoresCall or text 612-201-5447RE/MAX Advantage Plus · Mark GoresCall or text 612-201-544774 homes closed in Prior Lake between January 1, 2023 and March 31, 2023. Median sale price $465K, 38 days on market. This is a permanent quarterly record computed from closed MLS sales; once generated, the numbers on this page do not update.
74 homes closed in Prior Lake in Q1 2023, 5 fewer than the 79 that closed in Q1 2022. The median sale price came in at $465K, up 3.3 percent from $450K in Q1 2022. The typical sale went under contract in 38 days, 32 days slower than a year earlier. 21.6 percent of the quarter's sales closed over the asking price, and the average sale closed at 98.6 percent of list. 6 sales closed at $1 million or more. 9 of the quarter's closings were new construction.
| Metric | Q1 2023 | Q4 2022 | Q1 2022 |
|---|---|---|---|
| Median sale price | $465K | $480K | $450K |
| Closed sales | 74 | 120 | 79 |
| Median days on market | 38 | 25 | 6 |
| Sale-to-list | 98.6% | 98.8% | 102.2% |
| Sold over asking | 21.6% | 25.0% | 51.9% |
| Price per sq ft (avg) | $198 | $208 | $204 |
Neighbor columns show each quarter's own frozen report numbers.
Median closed price for the 8 quarters ending with Q1 2023.
| Month | Closed sales | Median price |
|---|---|---|
| January 2023 | 21 | $470K |
| February 2023 | 18 | $530K |
| March 2023 | 35 | $451K |
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.
The median sale price in Prior Lake in Q1 2023 was $465K, based on 74 closed MLS sales. That is 3.3% higher than Q1 2022.
The median time on market in Q1 2023 was 38 days. In Q1 2022 it was 6 days.
21.6% of Prior Lake sales closed over the asking price in Q1 2023. The average sale closed at 98.6% of the list price.
Data from NorthstarMLS via MLS Grid. This report covers closed residential sales in Prior Lake, MN from January 1, 2023 through March 31, 2023. 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.
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.
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.