The Prior Lake housing market is very competitive. The median sale price of a home in Prior Lake was $475K last month, up .0% since last year. The median sale price per square foot in Prior Lake is $206, up 2.5% since last year.
What is the housing market like in Prior Lake today?
In June 2025, Prior Lake home prices were up .0% compared to last year, selling for a median price of $475K. On average, homes in Prior Lake sell after 24 days on the market compared to 32 days last year. There were 43 homes sold in June this year, up from 33 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$475,000
0.0% YoY | Jun 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jun 2025
Growth
% YoY
Prior Lake, MN
$475,000
0.0%
United States
To compare other locations to the Prior Lake and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Prior Lake add value to a home.
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How hot is the Prior Lake housing market?
Prior Lake is very competitive. Homes sell in 20 days.
0
100
73
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 20 days.
Hot homes
can sell for about 1% above list price and go pending in around 11 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Prior Lake housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Prior Lake.
Flood Factor - Minor
6% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Prior Lake has a minor risk of flooding. 438 properties in Prior Lake are likely to be
severely affected
by flooding over the next 30 years. This represents 6% of all properties in Prior Lake. Flood risk is increasing slower than the national average.
38% of properties are at risk of wildfire over the next 30 years
Fire Factor
Prior Lake has a moderate risk of wildfire. There are 4,334 properties in Prior Lake that have some risk of being affected by wildfire over the next 30 years. This represents 38% of all properties in Prior Lake.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Prior Lake has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Prior Lake is most at risk from tornadoes. 11,340 properties in Prior Lake have some risk of being in a severe wind event within the next 30 years.