RE/MAX Advantage Plus · Mark GoresCall or text 612-201-5447RE/MAX Advantage Plus · Mark GoresCall or text 612-201-544765 homes closed in Prior Lake between January 1, 2025 and March 31, 2025. Median sale price $460K, 27 days on market. This is a permanent quarterly record computed from closed MLS sales; once generated, the numbers on this page do not update.
65 homes closed in Prior Lake in Q1 2025, 17 fewer than the 82 that closed in Q1 2024. The median sale price came in at $460K, down 14.8 percent from $540K in Q1 2024. The typical sale went under contract in 27 days, 22 days faster than a year earlier. 27.7 percent of the quarter's sales closed over the asking price, and the average sale closed at 99.0 percent of list. 7 sales closed at $1 million or more. 6 of the quarter's closings were new construction.
| Metric | Q1 2025 | Q4 2024 | Q1 2024 |
|---|---|---|---|
| Median sale price | $460K | $500K | $540K |
| Closed sales | 65 | 116 | 82 |
| Median days on market | 27 | 26 | 49 |
| Sale-to-list | 99.0% | 98.2% | 98.5% |
| Sold over asking | 27.7% | 23.3% | 25.6% |
| Price per sq ft (avg) | $196 | $215 | $200 |
Neighbor columns show each quarter's own frozen report numbers.
Median closed price for the 8 quarters ending with Q1 2025.
| Month | Closed sales | Median price |
|---|---|---|
| January 2025 | 17 | $520K |
| February 2025 | 14 | $460K |
| March 2025 | 34 | $460K |
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The median sale price in Prior Lake in Q1 2025 was $460K, based on 65 closed MLS sales. That is 14.8% lower than Q1 2024.
The median time on market in Q1 2025 was 27 days. In Q1 2024 it was 49 days.
27.7% of Prior Lake sales closed over the asking price in Q1 2025. The average sale closed at 99.0% of the list price.
Data from NorthstarMLS via MLS Grid. This report covers closed residential sales in Prior Lake, MN from January 1, 2025 through March 31, 2025. 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.