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Prior Lake

Why you'd want to live in Prior Lake

Prior Lake offers a unique living experience centered around its namesake body of water, Upper and Lower Prior Lake, providing residents with unparalleled access to lakeside living and recreational pursuits. The city is renowned for its beautiful waterfront properties and the myriad of activities available on the lakes, including boating, swimming, and ice fishing in the winter months. Beyond the aquatic attractions, Prior Lake maintains a charming small-town ambiance while still offering modern conveniences. The Mystic Lake Casino Hotel, a significant regional entertainment destination, is located within Prior Lake, providing a variety of dining, entertainment, and gaming options. The community is characterized by its strong sense of local identity and active resident engagement. The school district is well-regarded, contributing to the city's appeal for families. Prior Lake's commitment to preserving its natural environment while fostering a thriving community makes it an attractive choice for those seeking a tranquil yet engaging lifestyle.

Prior Lake Market Report

$1,356,827

AVERAGE PRICE OF 226 HOMES

$270,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$2,924,011

AVERAGE PRICE OF 75 MULTI-MILLION DOLLAR HOMES

$1,830,151

AVERAGE PRICE OF 30 NEWLY BUILT HOMES

$1,514,506

AVERAGE PRICE OF 18 HOMES WITH A POOL

$733,687

AVERAGE PRICE OF 12 REDUCED PRICE HOMES

Average Home

Average Price $1,356,827
Avg Bedrooms 3.37 beds
Avg Bathrooms 2.99 baths

Average Price by Bedrooms

2 bedrooms $424,910
3 bedrooms $651,796
4 bedrooms $1,091,801
5 bedrooms $1,329,219
Prior Lake Home Price Trends
  7/2026 6/2026 5/2026 4/2026 3/2026
Total Listings 223 n/a n/a 211 181
Average Price $1,355,799 n/a n/a $1,258,695 $1,310,484
Avg Price Change n/a n/a n/a -4.11% -10.88%
Median Price $749,285 n/a n/a $655,329 $640,740
Med Price Change n/a n/a n/a +2.28% -3.55%
Avg Bedrooms 3.36 beds n/a n/a 3.16 beds 3.08 beds
Avg Bathrooms 2.99 baths n/a n/a 2.78 baths 2.7 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 226 $1,356,827 81 days
Distressed Homes 1 $270,000 71 days
Multi-Million Dollar Homes 75 $2,924,011 101 days
Newly Built Homes 30 $1,830,151 140 days
Homes with a Pool 18 $1,514,506 51 days
Reduced Price Homes 12 $733,687 56 days
Patty Zuzek Mn, Wi Broker
801 Cliff Rd E # 135
Burnsville, MN 55337
952-985-7253

Based on information submitted to the MLS GRID as of August 8, 2026 11 AM. All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.
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