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Prior Lake Real EstateMark Gores · RE/MAX Advantage Plus

Prior Lake market report: Q3 2026

134 homes closed in Prior Lake between July 1, 2026 and September 30, 2026. Median sale price $582K, 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.

Median sale price
$582K
Up 11.9%vs Q3 2025
Closed sales
134
Down 2.9%vs Q3 2025
Median days on market
20
Up 5.3%vs Q3 2025
Sale-to-list
99.0%
Down 0.3 pointsvs Q3 2025
Sold over asking
30.6%
Down 6.4 pointsvs Q3 2025
Price per sq ft
$226
Up 2.3%vs Q3 2025

The quarter in review

134 homes closed in Prior Lake in Q3 2026, 4 fewer than the 138 that closed in Q3 2025. The median sale price came in at $582K, up 11.9 percent from $520K in Q3 2025. The typical sale went under contract in 20 days, 1 day slower than a year earlier. 30.6 percent of the quarter's sales closed over the asking price, and the average sale closed at 99.0 percent of list. 17 sales closed at $1 million or more. 2 of the quarter's closings were new construction.

Compared with the prior quarter and a year earlier

MetricQ3 2026Q2 2026Q3 2025
Median sale price$582K$505K$520K
Closed sales134147138
Median days on market201819
Sale-to-list99.0%99.6%99.3%
Sold over asking30.6%30.6%37.0%
Price per sq ft (avg)$226$243$221

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

Median price, trailing quarters

$450K$500K$550K$600KQ4 24Q1 25Q2 25Q3 25Q4 25Q1 26Q2 26Q3 26

Median closed price for the 8 quarters ending with Q3 2026.

Where the sales landed

Under $400K36 sales
$400K to $600K37 sales
$600K to $800K37 sales
$800K to $1M7 sales
$1M and up17 sales

Month by month

MonthClosed salesMedian price
July 202645$497K
August 202650$612K
September 202639$530K

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

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Common questions

What was the median home sale price in Prior Lake in Q3 2026?

The median sale price in Prior Lake in Q3 2026 was $582K, based on 134 closed MLS sales. That is 11.9% higher than Q3 2025.

How fast did Prior Lake homes sell in Q3 2026?

The median time on market in Q3 2026 was 20 days. In Q3 2025 it was 19 days.

Did Prior Lake homes sell over asking price in Q3 2026?

30.6% of Prior Lake sales closed over the asking price in Q3 2026. 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 July 1, 2026 through September 30, 2026. Metrics are aggregates of closed sales; individual sold properties are not displayed. Report generated October 21, 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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Questions about the Prior Lake market?

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.

Mark Gores, RE/MAX Advantage Plus
Mark Gores, RE/MAX Advantage Plus

I built this site so anyone can see the Prior Lake market the way I do: every listing and every sale from 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.

Updated Oct 21, 2026