Prior Lake Real Estate
Median Price$520K9.5%Days on Market211Active Listings234Sale-to-List99.3%0.3New This Month26Bidding War Rate29.7%1.1%Avg $/SqFt$232Pending54Median Price$520K9.5%Days on Market211Active Listings234Sale-to-List99.3%0.3New This Month26Bidding War Rate29.7%1.1%Avg $/SqFt$232Pending54

Prior Lake Market Report: Q2 2026

147 homes closed in Prior Lake between April 1, 2026 and June 30, 2026. Median sale price $505K, 18 days on market. This is a permanent quarterly record computed from closed MLS sales; once generated, the numbers on this page do not update.

Median Sale Price
$505K
1.0%vs Q2 2025
Closed Sales
147
20.5%vs Q2 2025
Days on Market
18
unchangedvs Q2 2025
Sale-to-List
99.6%
0.2 ptsvs Q2 2025
Bidding War Rate
30.6%
0.5 ptsvs Q2 2025
share of sales closing over asking
Avg $/SqFt
$243
12.0%vs Q2 2025

The quarter in review

147 homes closed in Prior Lake in Q2 2026, 25 more than the 122 that closed in Q2 2025. The median sale price came in at $505K, down 1.0 percent from $510K in Q2 2025. The typical sale went under contract in 18 days, the same pace as a year earlier. 30.6 percent of the quarter's sales closed over the asking price, and the average sale closed at 99.6 percent of list. 25 sales closed at $1 million or more. 4 of the quarter's closings were new construction.

Q2 2026 against its neighbors

MetricQ2 2026Q1 2026Q2 2025
Median sale price$505K$550K$510K
Closed sales14772122
Median days on market183518
Sale-to-list99.6%98.5%99.8%
Bidding war rate30.6%20.8%31.1%
Avg $/sqft$243$225$217

Neighbor columns show each quarter's own frozen report numbers.

Median price, trailing quarters

$475K$495K$515K$535KQ3 24Q4 24Q1 25Q2 25Q3 25Q4 25Q1 26Q2 26Median Sale Price

Median closed price for the 8 quarters ending with Q2 2026.

Where the sales landed

Under $400K44 sales
$400K to $600K43 sales
$600K to $800K23 sales
$800K to $1M12 sales
$1M and up25 sales

Month by month

MonthClosed salesMedian price
April 202648$465K
May 202656$550K
June 202643$565K

Want the sale-by-sale numbers behind this report?

The medians summarize Q2 2026. 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.

One email with the numbers. No drip campaign, no list.

Common Questions

What was the median home sale price in Prior Lake in Q2 2026?

The median sale price in Prior Lake in Q2 2026 was $505K, based on 147 closed MLS sales. That is 1.0% lower than Q2 2025.

How fast did Prior Lake homes sell in Q2 2026?

The median time on market in Q2 2026 was 18 days. That matches Q2 2025.

Did Prior Lake homes sell over asking price in Q2 2026?

30.6% of Prior Lake sales closed over the asking price in Q2 2026. The average sale closed at 99.6% of the list price.

Data from NorthstarMLS via MLS Grid. This report covers closed residential sales in Prior Lake, MN from April 1, 2026 through June 30, 2026. 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.

Talk to Mark

Thinking of selling? I'll pull the comps for your block.

I've worked in Prior Lake for 22 years. Give me your address and I'll tell you what your house is worth, what your street has done in the last 90 days, and what I'd list at. Takes about 20 minutes. No drip campaigns.

Mark Gores, RE/MAX Advantage Plus

I've been selling real estate in Prior Lake for 22 years. This dashboard pulls from the same MLS data I use every morning. If a number on here matters for a decision you're making, email me and I'll put it in context for your street.

Data source

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.

Updated Aug 12, 2026