Prior Lake, MN Real Estate Market Summary – September 8, 2026
In Prior Lake, MN, the real estate market has shown activity with 55 homes sold in the past 30 days, averaging about 1.83 homes sold per day. The average sale price during this period was approximately $615,777, with a median sale price of $584,000.
| Metric | 30 Days |
|---|---|
| Number Sold | 55 |
| Sold Per Day | 1.83 |
| Average SQFT | 2646 |
| Median Sales Price | $584,000 |
| Average Sales Price | $615,777 |
| Average Price Per SQFT | $228 |
| Average Days on Market | 16 |
| Average Year Built | 1996 |
Prior Lake, MN Single Family Home Analysis
In the single-family home segment, 45 properties changed hands, with an average sale price of $673,241 and a median sale price of $640,000. Homes in this category had an average living area of 2,815 square feet and were typically built in 1993, spending about 17 days on the market before being sold.
| Metric | 30 Days |
|---|---|
| Number Sold | 45 |
| Sold Per Day | 1.50 |
| Average SQFT | 2815 |
| Median Sales Price | $640,000 |
| Average Sales Price | $673,241 |
| Average Price Per SQFT | $238 |
| Average Days on Market | 17 |
| Average Year Built | 1993 |
Prior Lake, MN Condo & Townhome Analysis
For condo and townhome sales, 10 units were sold, averaging a sale price of $357,190, while the median price stood at $332,500. These properties averaged approximately 1,952 square feet in living area and were mostly constructed around 2007, with an average market time of about 11 days.
| Metric | 30 Days |
|---|---|
| Number Sold | 10 |
| Sold Per Day | 1 every 3.00 days |
| Average SQFT | 1952 |
| Median Sales Price | $332,500 |
| Average Sales Price | $357,190 |
| Average Price Per SQFT | $187 |
| Average Days on Market | 11 |
| Average Year Built | 2007 |
Buyer & Seller Analysis
- Pace of home sales is 1.83 homes per day.
- Properties averaged 15 days on the market before being sold.
- The average price per square foot for sold homes is $228.
- Condominium and townhome sales averaged 10 units per month.
Conclusion
Overall, the Prior Lake market indicates steady activity in both single-family homes and condominiums, with relatively quick turnarounds before properties are sold. The data reflects a balanced activity in the market.