125 homes closed in Prior Lake between October 1, 2023 and December 31, 2023. Median sale price $475K, 20 days on market. This is a permanent quarterly record computed from closed MLS sales; once generated, the numbers on this page do not update.
125 homes closed in Prior Lake in Q4 2023, 5 more than the 120 that closed in Q4 2022. The median sale price came in at $475K, down 1.0 percent from $480K in Q4 2022. The typical sale went under contract in 20 days, 5 days faster than a year earlier. 22.4 percent of the quarter's sales closed over the asking price, and the average sale closed at 98.8 percent of list. 18 sales closed at $1 million or more. 15 of the quarter's closings were new construction.
| Metric | Q4 2023 | Q3 2023 | Q4 2022 |
|---|---|---|---|
| Median sale price | $475K | $496K | $480K |
| Closed sales | 125 | 131 | 120 |
| Median days on market | 20 | 13 | 25 |
| Sale-to-list | 98.8% | 100.0% | 98.8% |
| Bidding war rate | 22.4% | 38.9% | 25.0% |
| Avg $/sqft | $214 | $227 | $208 |
Neighbor columns show each quarter's own frozen report numbers.
Median closed price for the 8 quarters ending with Q4 2023.
| Month | Closed sales | Median price |
|---|---|---|
| October 2023 | 56 | $475K |
| November 2023 | 44 | $522K |
| December 2023 | 25 | $445K |
The medians summarize Q4 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 Q4 2023 was $475K, based on 125 closed MLS sales. That is 1.0% lower than Q4 2022.
The median time on market in Q4 2023 was 20 days. In Q4 2022 it was 25 days.
22.4% of Prior Lake sales closed over the asking price in Q4 2023. The average sale closed at 98.8% of the list price.
Data from NorthstarMLS via MLS Grid. This report covers closed residential sales in Prior Lake, MN from October 1, 2023 through December 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.
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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.