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Prior Lake Market Trends

Today, November 7, 2009

Median Sales Price in Prior Lake

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1 yr 5 yr Max
Prior Lake median sales prices
Number of sold homes in Prior Lake
No. BedroomsJul - Sep '09y-o-y3 months prior1 year prior5 years prior
1 bedroom$119,000-84.7%$157,500$780,000$184,344
2 bedrooms$155,000-13.9%$150,000$180,000$211,170
3 bedrooms$247,150-3.1%$226,250$255,000$272,000
4 bedrooms$302,500-20.4%$262,710$380,000$315,986
All properties$249,500+4.0%$215,000$240,000$257,500
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Prior Lake Summary

The median sales price for homes in Prior Lake MN for Jul 09 to Sep 09 was $249,500. This represents an increase of 16%, or $34,500, compared to the prior quarter and an increase of 4% compared to the prior year. Sales prices have depreciated 3.1% over the last 5 years in Prior Lake.

The average listing price for Prior Lake homes for sale on Trulia was $473,541 for the week ending Oct 28, which represents a decline of 1.1%, or $5,300, compared to the prior week and a decline of 1.1%, or $5,284, compared to the week ending Oct 07. Average price per square foot for Prior Lake MN was $198, a decrease of 13.9% compared to the same period last year.

 

Average Listing Price in Prior Lake

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1 yr 5 yr Max
Prior Lake average property price
Prior Lake – number of properties
No. BedroomsWeek ending
Oct 28
w-o-wWeek ending
Oct 21
Week ending
Oct 14
Week ending
Oct 7
1 bedroom-----
2 bedrooms$203,846+2.3%$199,244$205,439$207,898
3 bedrooms$405,956-1.4%$411,541$400,866$398,313
4 bedrooms$461,785-1.8%$470,297$478,943$475,596
All properties$473,541-1.1%$478,841$480,742$478,825
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Average Price Per Sqft for Homes in Prior Lake

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1 yr 5 yr Max
Prior Lake average price per square foot
No. BedroomsJul - Sep '09y-o-y3 months prior1 year prior5 years prior
1 bedroom$151-54.7%$177$333$169
2 bedrooms$165-13.2%$146$190$186
3 bedrooms$200-13.0%$195$230$227
4 bedrooms$224-21.4%$273$285$243
All properties$198-13.9%$202$230$223
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Homes for Sale in Prior Lake

5344 160th Street Southeast, Prior Lake MN
5344 160th…
$219,900
2 br  2 ba
7455 180th Street East, Prior Lake MN
7455 180th…
$242,500
3 br  2 ba
3851 Raspberry Ridge Road Northwest, Prior Lake MN
3851 Raspb…
$239,900
3 br  3 ½ ba
5968 Crossandra Street Southeast, Prior Lake MN
5968 Cross…
$389,900
5 br  3 ½ ba
14247 Parkview Lane Northwest, Prior Lake MN
14247 Park…
$219,900
4 br  3 ½ ba
5130 160th Street Southeast, Prior Lake MN
5130 160th…
$125,000
2 br  2 ba
View all Prior Lake Homes for Sale
 
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Prior Lake

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  • 55372
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Nearby Cities

Cities
Median
sales price
Average
listing price
Shakopee
$185,600
$270,936
Savage
$220,500
$277,109
Burnsville
$172,500
$246,368
Lakeville
$248,925
$361,069
New Market
$236,000
$267,589
Elko
$265,000
$300,786
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About this Info
Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.

Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Median Sales Price is the price at which one half of the homes sold above that amount and one half of the homes sold below that amount. Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average Price per Square Foot is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.