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

Waterfront & Lake Properties

Waterfront homes in Prior Lake sell for a 67.2% premium over comparable inland properties. The numbers vary lake by lake though.

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Active waterfront listings in Prior Lake right now
Filtered list of every lakefront home currently on the market. Updated every 15 minutes from the MLS.
Waterfront Median
$720K
↑ +67.2% vs inland
Limited shoreline, steady demand. That's why waterfront trades at a premium here.
Inland Median
$431K
· baseline
Non-waterfront homes provide the baseline. The gap reflects both land value and lifestyle premium.
Lake Premium
+67.2%
↑ 10 lakes tracked
A substantial premium, but it varies significantly by lake. Smaller lakes can be entry points into lakeshore ownership.

Lake-by-Lake Breakdown

Not all lakes are priced the same. Prior Lake itself commands the highest values, but smaller lakes nearby offer different trade-offs.

Waterfront Premium

Since 2020, lakeshore properties in Prior Lake command a +67.2% premium over non-waterfront homes.

Waterfront Median
$720K
Non-Waterfront Median
$431K
Lake Premium
+67.2%
Lake-by-Lake Breakdown
Lake
Median Price
Sales
DOM
Acres
$/Ft
Lower Prior
$875K
219
22 days
956.16
$18,424
Upper Prior
$660K
127
12 days
386.26
$18,230
Spring
$710K
51
28 days
591.85
$13,332
Crystal
$500K
12
12 days
31.44
n/a
Credit River
$770K
9
7 days
n/a
n/a
Fish
$741K
9
13 days
175.92
$4,410
Kane
$855K
8
75 days
262
$1,911
Rice Lake (70006000)
$730K
8
19 days
142
$769
Cate's or Hidden
$595K
6
16 days
27
$2,789
Markley
$775K
4
50 days
14
n/a
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.

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Related
Neighborhoods
Top subdivisions compared by price and activity.
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Price Trends
Annual appreciation and monthly price movement.
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Life on the Lake
Boating, beaches, ice fishing. What lake life looks like here.
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