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Prior Lake, MN Real Estate & Property Data

Prior Lake Real Estate Market Trends

Last Updated: April 24, 2024

Accurate and comprehensive real estate data is critical for insight into Prior Lake, MN. ATTOM’s Prior Lake real estate data is updated daily, and current market trends show that in Prior Lake, MN a total of 554 residential properties have sold over the past year. With a median home price of $515,000 in Prior Lake and a total of 1 foreclosures. Get detailed property data for Prior Lake, MN instantly. ATTOM is your one-stop-shop for the Prior Lake property reports and real estate data you need in Prior Lake, MN.

Prior Lake Real Estate Market Trends

Get property data for any address in Prior Lake, MN or the country:

Total Residential Properties 13,083

Total Commercial Properties 182

Avg. Home Age (Single Family Home) 32 Years

Avg. Square Feet (Single Family Home) 2,021

Total 2024 Residential Sales (year-to-date) 59

% of Homes Seriously Underwater (Q2 2024) 1.37%

Total 2023 Residential Sales 535

% of Equity Rich Homes (Q2 2024) 33.38%

Effective 2023 Property Tax 0.91%

Total Foreclosure Filings (year-to-date) 1

Prior Lake, MN Real Estate Overview

There were 554 residential properties sold in the past year in Prior Lake, MN. The median home value in Prior Lake, MN is $495,168. There are a total of 13,083 residential properties in the Prior Lake.

Median Sales Price i

$515,000

(Feb 2024)

-10.6%

year-over-year

y-o-y

February '24 Feb '24 $515,000
January '24 Jan '24 $543,625
December '23 Dec '23 $585,250
November '23 Nov '23 $527,500
October '23 Oct '23 $565,000
September '23 Sep '23 $484,950
August '23 Aug '23 $460,500
July '23 Jul '23 $560,000
June '23 Jun '23 $521,000
May '23 May '23 $689,900
April '23 Apr '23 $596,000
March '23 Mar '23 $465,000

Median Down Payment i

$79,006

(Feb 2024)

+11.6%

year-over-year

y-o-y

February '24 Feb '24 $79,006
January '24 Jan '24 $106,800
December '23 Dec '23 $105,025
November '23 Nov '23 $88,000
October '23 Oct '23 $105,600
September '23 Sep '23 $92,115
August '23 Aug '23 $62,000
July '23 Jul '23 $82,000
June '23 Jun '23 $78,570
May '23 May '23 $80,000
April '23 Apr '23 $63,570
March '23 Mar '23 $46,500

Number of Homes Sold i

34

(Feb 2024)

+70%

year-over-year

y-o-y

February '24 Feb '24 34
January '24 Jan '24 25
December '23 Dec '23 51
November '23 Nov '23 81
October '23 Oct '23 34
September '23 Sep '23 38
August '23 Aug '23 68
July '23 Jul '23 48
June '23 Jun '23 44
May '23 May '23 45
April '23 Apr '23 41
March '23 Mar '23 25

Number of Purchase Loans i

30

(Feb 2024)

+36.4%

year-over-year

y-o-y

February '24 Feb '24 30
January '24 Jan '24 22
December '23 Dec '23 38
November '23 Nov '23 60
October '23 Oct '23 33
September '23 Sep '23 26
August '23 Aug '23 57
July '23 Jul '23 41
June '23 Jun '23 40
May '23 May '23 32
April '23 Apr '23 42
March '23 Mar '23 28

Number of REFI Loans i

31

(Feb 2024)

+47.6%

year-over-year

y-o-y

February '24 Feb '24 31
January '24 Jan '24 11
December '23 Dec '23 29
November '23 Nov '23 34
October '23 Oct '23 19
September '23 Sep '23 17
August '23 Aug '23 24
July '23 Jul '23 21
June '23 Jun '23 26
May '23 May '23 18
April '23 Apr '23 21
March '23 Mar '23 20

Number of HELOC Loans i

15

(Feb 2024)

-6.2%

year-over-year

y-o-y

February '24 Feb '24 15
January '24 Jan '24 11
December '23 Dec '23 38
November '23 Nov '23 34
October '23 Oct '23 24
September '23 Sep '23 17
August '23 Aug '23 26
July '23 Jul '23 16
June '23 Jun '23 24
May '23 May '23 27
April '23 Apr '23 18
March '23 Mar '23 23

Prior Lake, MN Real Estate Market Overview

Last 30 days

Zip
Median Est. Value

55372
$495,168 $245.01/sqft

Prior Lake, MN Foreclosure Activity

There were a total of 1 Prior Lake, MN properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i

1

(Feb 2024)

year-over-year

y-o-y

February '24 Feb '24 1
January '24 Jan '24 N/A
December '23 Dec '23 2
November '23 Nov '23 4
October '23 Oct '23 2
September '23 Sep '23 2
August '23 Aug '23 1
July '23 Jul '23 N/A
June '23 Jun '23 4
May '23 May '23 1
April '23 Apr '23 1
March '23 Mar '23 1

Foreclosure Starts i

1

(Feb 2024)

year-over-year

y-o-y

February '24 Feb '24 1
January '24 Jan '24 N/A
December '23 Dec '23 2
November '23 Nov '23 4
October '23 Oct '23 2
September '23 Sep '23 2
August '23 Aug '23 1
July '23 Jul '23 N/A
June '23 Jun '23 4
May '23 May '23 1
April '23 Apr '23 1
March '23 Mar '23 1

Completed Foreclosures (REOs) i

February '24 Feb '24 N/A
January '24 Jan '24 N/A
December '23 Dec '23 N/A
November '23 Nov '23 N/A
October '23 Oct '23 N/A
September '23 Sep '23 N/A
August '23 Aug '23 N/A
July '23 Jul '23 1
June '23 Jun '23 N/A
May '23 May '23 N/A
April '23 Apr '23 N/A
March '23 Mar '23 1

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