The Prairie Lake housing market is very competitive. The median sale price of a home in Prairie Lake was $306K last month, down 29.3% since last year. The median sale price per square foot in Prairie Lake is $175, down 2.2% since last year.
What is the housing market like in Prairie Lake today?
In March 2024, Prairie Lake home prices were down 29.3% compared to last year, selling for a median price of $306K. On average, homes in Prairie Lake sell after 25 days on the market compared to 26 days last year. There were 4 homes sold in March this year, up from 2 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$305,750
-29.3% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Prairie Lake, MN
$305,750
-29.3%
United States
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How hot is the Prairie Lake housing market?
Prairie Lake is very competitive. Homes sell in 11 days.
0
100
82
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 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% above list price and go pending in around 11 days.
Hot homes
can sell for about 4% above list price and go pending in around 7 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
99.2%
+0.2 pt YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Prairie Lake, MN
99.2%
+0.2 pt
United States
Home offer insights for Prairie Lake
Explore recent offers and recently sold homes in Prairie Lake
Recent offers
View houses in Prairie Lake that sold recently
Recently sold homes
SOLD APR 9, 2024
3D WALKTHROUGH
$285,000 Last Sold Price
3 beds
2 baths
—sq ft
18346 Lafayette Way Unit 217F, Lakeville, MN 55044
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 Prairie Lake housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Prairie Lake.
Risk Factor
Flood Factor - Major
15% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Prairie Lake has a major risk of flooding. 16 properties in Prairie Lake are likely to be
severely affected
by flooding over the next 30 years. This represents 15% of all properties in Prairie Lake. Flood risk is increasing slower than the national average.
13% of properties are at risk of wildfire over the next 30 years
Fire Factor
Prairie Lake has a minor risk of wildfire. There are 18 properties in Prairie Lake that have some risk of being affected by wildfire over the next 30 years. This represents 13% of all properties in Prairie Lake.
Prairie Lake has minimal risk of severe winds over the next 30 years
Wind Factor
Prairie Lake has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.