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Lakeville

Why you'd want to live in Lakeville

Lakeville presents an appealing blend of suburban comfort and access to natural beauty, making it a desirable place to reside. The city is characterized by its numerous lakes, including Lake Marion and Orchard Lake, which offer abundant opportunities for boating, fishing, and other water-based recreational activities. Lakeville's extensive park system further enhances its outdoor appeal, providing residents with playgrounds, sports fields, and walking paths. The community is known for its family-friendly atmosphere, supported by a highly-rated school district that consistently achieves strong academic outcomes. The city's commercial areas offer a wide array of shopping, dining, and entertainment options, catering to diverse preferences. Lakeville's ongoing development projects aim to further enhance its infrastructure and amenities, ensuring a high quality of life for its residents.

Lakeville Market Report

$624,306

AVERAGE PRICE OF 388 HOMES

$1,582,104

AVERAGE PRICE OF 21 MULTI-MILLION DOLLAR HOMES

$624,854

AVERAGE PRICE OF 199 NEWLY BUILT HOMES

$571,708

AVERAGE PRICE OF 56 HOMES WITH A POOL

$578,610

AVERAGE PRICE OF 21 REDUCED PRICE HOMES

Average Home

Average Price $624,306
Avg Bedrooms 3.66 beds
Avg Bathrooms 3.04 baths

Average Price by Bedrooms

2 bedrooms $507,491
3 bedrooms $519,430
4 bedrooms $585,961
5 bedrooms $734,202
Lakeville Home Price Trends
  2/2026 1/2026 12/2025 11/2025 10/2025
Total Listings 366 335 352 396 422
Average Price $617,401 $607,540 $592,217 $580,778 $584,499
Avg Price Change +1.62% +2.59% +1.97% -0.64% +0.29%
Median Price $567,647 $570,081 $569,597 $554,476 $554,322
Med Price Change -0.43% +0.08% +2.73% +0.03% +0.76%
Avg Bedrooms 3.65 beds 3.67 beds 3.66 beds 3.65 beds 3.67 beds
Avg Bathrooms 3.04 baths 3.03 baths 3 baths 2.98 baths 3.02 baths
Total Homes Average Price Avg Days on Site
All Homes 388 $624,306 82 days
Multi-Million Dollar Homes 21 $1,582,104 183 days
Newly Built Homes 199 $624,854 88 days
Homes with a Pool 56 $571,708 74 days
Reduced Price Homes 21 $578,610 109 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 March 10, 2026 7 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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