131 homes closed in Prior Lake between July 1, 2023 and September 30, 2023. Median sale price $496K, 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.
131 homes closed in Prior Lake in Q3 2023, 36 fewer than the 167 that closed in Q3 2022. The median sale price came in at $496K, up 0.2 percent from $495K in Q3 2022. The typical sale went under contract in 13 days, 4 days faster than a year earlier. 38.9 percent of the quarter's sales closed over the asking price, and the average sale closed at 100.0 percent of list. 18 sales closed at $1 million or more. 7 of the quarter's closings were new construction.
| Metric | Q3 2023 | Q2 2023 | Q3 2022 |
|---|---|---|---|
| Median sale price | $496K | $521K | $495K |
| Closed sales | 131 | 157 | 167 |
| Median days on market | 13 | 15 | 17 |
| Sale-to-list | 100.0% | 100.4% | 100.5% |
| Bidding war rate | 38.9% | 40.8% | 43.1% |
| Avg $/sqft | $227 | $218 | $221 |
Neighbor columns show each quarter's own frozen report numbers.
Median closed price for the 8 quarters ending with Q3 2023.
| Month | Closed sales | Median price |
|---|---|---|
| July 2023 | 56 | $476K |
| August 2023 | 46 | $510K |
| September 2023 | 29 | $565K |
The medians summarize Q3 2023. 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 Q3 2023 was $496K, based on 131 closed MLS sales. That is 0.2% higher than Q3 2022.
The median time on market in Q3 2023 was 13 days. In Q3 2022 it was 17 days.
38.9% of Prior Lake sales closed over the asking price in Q3 2023. The average sale closed at 100.0% of the list price.
Data from NorthstarMLS via MLS Grid. This report covers closed residential sales in Prior Lake, MN from July 1, 2023 through September 30, 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.
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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.