Prior Lake Real Estate
Median Price$530K3.9%Days on Market20Active Listings267Sale-to-List99.3%0.2New This Month27Bidding War Rate30.5%2.2%Avg $/SqFt$230Pending38Median Price$530K3.9%Days on Market20Active Listings267Sale-to-List99.3%0.2New This Month27Bidding War Rate30.5%2.2%Avg $/SqFt$230Pending38

Prior Lake Townhomes

28 townhomes on the market right now, 116 sold in the last 12 months. Median price $367K — about 40% less than a Prior Lake single-family home. Here's the whole townhome market in one place.

For Sale Now
28
· $210K – $1.10M
Plus 5 pending. Townhome inventory here is thin — well-priced units move.
Explore →
Median Sale Price
$367K
0.8% vs prior 12mo
From 116 closed townhome sales in the last 12 months.
Days on Market
29days
was 27 the year before
Median time to an accepted offer. 22.4% of townhome sales still close above asking.
Median HOA Fee
$345/mo
· 96.8% of townhomes have one
Recorded fees run $170–$860. Median annual property tax on a townhome: $3,206.

Where the Townhomes Are

Prior Lake's townhomes cluster in a handful of communities, each with its own associations, price band, and pace. Ranked by sales over the last five years — click through for the full neighborhood breakdown.

Deerfield is the one to know: 118 townhome sales in five years, a $315K median, and units that go in about 19 days. It's the largest townhome community in the city and usually the first place a townhome search starts. Full Deerfield numbers →

Townhome vs. Single Family

The median Prior Lake townhome sold for $367K in the last 12 months against $612K for single family — a 40% gap. That's the whole reason this segment exists: it's the attainable way into this market, and the low-maintenance way to stay in it. All types since 2020:

Property Type Comparison

How single family, townhome, and condo segments compare in Prior Lake since 2020.

Single Family
$555K
$/SqFt$219
DOM15 days
Sale-to-List100%
Sales2,299
Townhouse
$332K
$/SqFt$176
DOM19 days
Sale-to-List100.3%
Sales696
Detached TH
$565K
$/SqFt$212
DOM30 days
Sale-to-List99.3%
Sales56
Condo
$171K
$/SqFt$176
DOM24 days
Sale-to-List99.4%
Sales97

Townhome Prices Over Time

A Prior Lake townhome that sold at the 2018 median ($240K) would sit near $367K today — roughly 53% appreciation. If you bought in that window, you're likely sitting on more equity than you think.

Year
Median Price
Sales
$/SqFt
2018
$240K
68
$132
2019
$260K
66
$142
2020
$293K
96
$150
2021
$320K
138
$168
2022
$326K
126
$184
2023
$361K
122
$189
2024
$365K
112
$191
2025
$366K
112
$183
2026
$367K
86
$193

Townhome Questions, Answered With Data

How much does a townhome in Prior Lake cost?

The median townhome sale price in Prior Lake over the last 12 months is $367,000, based on 116 closed sales. Current active listings range from $210K to $1.10M. That median runs about 40% below Prior Lake's single-family median of $612,000.

Do Prior Lake townhomes have HOA fees?

Almost all of them — 96.8% of townhomes sold since 2023 had an association fee. The median is $345/month, with recorded fees running from $170 to $860. What the fee covers varies by association (exterior maintenance, snow, lawn, sometimes roofs and siding), so always verify the specifics before writing an offer.

Where are most of the townhomes in Prior Lake?

Deerfield is Prior Lake's largest townhome community by sales volume, followed by Jeffers Pond, Meadow View, and Glynwater. The Wilds and Regal Crest carry the higher-end townhome stock. Several associations sit within a few minutes of downtown and the lake.

How fast do Prior Lake townhomes sell?

Median days on market for townhomes over the last 12 months is 29 days, versus 19 days for single-family homes. Sale-to-list ratio is 98.9%, and 22.4% of townhome sales closed above asking.

Own a townhome here?

Curious what your townhome would bring right now?

Townhome values here are set inside the association, not across town — what your floor plan sold for two doors down matters more than any citywide average. Send me your address and I'll pull every sale in your association from the last two years, no listing appointment required.

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 Sep 13, 2026