The Prairie Lake housing market is very competitive. The median sale price of a home in Prairie Lake was $270K last month, down 11.0% since last year. The median sale price per square foot in Prairie Lake is $189, down 1.6% since last year.
What is the housing market like in Prairie Lake today?
In April 2025, Prairie Lake home prices were down 11.0% compared to last year, selling for a median price of $270K. On average, homes in Prairie Lake sell after 110 days on the market compared to 25 days last year. There were 3 homes sold in April this year, down from 6 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$270,000
-11.0% YoY | Apr 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2025
Growth
% YoY
Prairie Lake, MN
$270,000
-11.0%
United States
To compare other locations to the Prairie Lake and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Lakeville add value to a home.
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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)
98.0%
-2.2 pt YoY | Apr 2025
Based on Redfin calculations of home data from MLS and/or public records.
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.
Flood Factor - Minor
12% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Prairie Lake has a minor risk of flooding. 7 properties in Prairie Lake are likely to be
severely affected
by flooding over the next 30 years. This represents 12% of all properties in Prairie Lake. Flood risk is increasing slower than the national average.
49% of properties are at risk of wildfire over the next 30 years
Fire Factor
Prairie Lake has a moderate risk of wildfire. There are 67 properties in Prairie Lake that have some risk of being affected by wildfire over the next 30 years. This represents 49% of all properties in Prairie Lake.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Prairie Lake has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Prairie Lake is most at risk from tornadoes. 135 properties in Prairie Lake have some risk of being in a severe wind event within the next 30 years.