Prior Lake Real Estate
Median Price$505K↑ 3.6%Days on Market23↑ 3Active Listings195Sale-to-List99.2%↓ 0.3New This Month72Bidding War Rate27.3%↓ 3.5%Avg $/SqFt$235Pending47Median Price$505K↑ 3.6%Days on Market23↑ 3Active Listings195Sale-to-List99.2%↓ 0.3New This Month72Bidding War Rate27.3%↓ 3.5%Avg $/SqFt$235Pending47

Selling a Home in Prior Lake

Data-backed strategy from 5,720 Prior Lake sales. What works, what doesn't, and what the numbers say.

Sale-to-List Ratio
99.2%
↓ -0.3% vs Jun 2025
Slight negotiation room exists. Strategic pricing can still capture strong offers.
Median DOM
23days
↑ +15% vs Jun 2025
Speed matters. Homes that go pending quickly tend to sell for more. The data below shows by how much.
Bidding War Rate
27.3%
↓ -3.5% vs Jun 2025
27.3% of homes sell above asking. Well-priced listings in good condition attract competing offers.

When to List

Which day of the week, which week of the year, and how speed-to-pending affects your bottom line.

When to List

Data-driven listing strategy from 5,720 Prior Lake sales. Homes listed on Mon sell fastest (45.8d avg). Fri is the most popular listing day.

Average Days on Market by Listing Day
48505254MonTueWedThuFriSatSunDOM
The 7-Day Rule
Homes pending in week one sell 6.29% higher than those sitting 60+ days
0-7 days
102.08%1,246
8-14 days
100.46%793
15-30 days
99.45%1,206
31-60 days
98.31%1,108
60+ days
95.79%1,367
Top 10 Weeks to List
Ranked by sale-to-list ratio (min 20 sales)
1.~Apr 23
102.41%37.7d
2.~Dec 3
100.78%48.6d
3.~Apr 30
100.24%33.2d
4.~Apr 9
99.96%37.3d
5.~Feb 26
99.87%32.8d
6.~Nov 5
99.82%59.8d
7.~Mar 12
99.79%55.7d
8.~Mar 26
99.77%39d
9.~May 7
99.75%44.5d
10.~May 28
99.71%45.2d
Day
Volume
Avg DOM
STL
MonFastest
849
45.8 days
99.12%
Tue
895
53.7 days
99.18%
Wed
1,091
53.1 days
98.87%
Thu
1,198
48.7 days
99.03%
Fri
1,277
47.2 days
99.08%
Sat
272
47.2 days
99.51%
Sun
138
55.9 days
98.89%

Pricing Psychology

Does charm pricing ($399,900) work in Prior Lake? How do new builds compare to resale homes? The data tells the story.

Pricing Strategy

Does $399,900 sell better than $400,000? Sale-to-list ratios are virtually identical across all price endings. The real difference is speed. Round prices sell 18.4 days faster.

Price Ending Psychology
STL is nearly identical. DOM tells the real story
Ending
Sales
STL
Avg DOM
Other
246
99.35%
37.4d
Round ($X00,000)
2,785
99.07%
47.4d
Charm ($X99,900)
2,519
99.07%
52.9d
Half ($X50,000)
170
98.6%
55.8d
New Construction vs Resale
Since 2020, resale homes sell faster and closer to list
New Build
$779K
Sales191
DOM78.9d
STL98.59%
Resale
$536K
Sales2,960
DOM36.4d
STL99.91%

What does this mean for your home?

Type in an address and Homebot returns a live estimate in about five seconds, no email needed. If you want the full report (equity trends, refi math, rental estimates), drop in an email and it’s yours.

Condition check

The data covers timing and price. Condition is the part you control.

ListReady is a free AI tool I built. Record 30 to 60 seconds of a room and it returns a punch list of what would make it show better, before the photographer shows up. You don't have to be listing anytime soon, and trying it will not get you a sales call.

Get a free punch list →
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.

Send me a note →[email protected]
Related
Seasonal Patterns
Best and worst months to list.
Read →
Price Trends
Where prices are headed.
Read →
Market Conditions
Current inventory and buyer demand.
Read →
About this site
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.

[email protected]markgores.com
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 Jun 28, 2026 · 224 closed sales analyzed (last 6 months)