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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

$1,321,734

AVERAGE PRICE OF 170 HOMES

$3,523,002

AVERAGE PRICE OF 45 MULTI-MILLION DOLLAR HOMES

$1,517,275

AVERAGE PRICE OF 26 NEWLY BUILT HOMES

$1,347,522

AVERAGE PRICE OF 9 HOMES WITH A POOL

$924,200

AVERAGE PRICE OF 4 REDUCED PRICE HOMES

Average Home

Average Price $1,321,734
Avg Bedrooms 3.04 beds
Avg Bathrooms 2.66 baths

Average Price by Bedrooms

1 bedroom $282,400
2 bedrooms $313,586
3 bedrooms $656,251
4 bedrooms $1,125,248
5 bedrooms $988,668
Prior Lake Home Price Trends
  2/2026 1/2026 12/2025 11/2025 10/2025
Total Listings 140 124 141 172 187
Average Price $1,453,123 $1,555,003 $1,428,454 $1,264,209 $1,224,928
Avg Price Change -7.01% +8.86% +12.99% +3.21% -1.89%
Median Price $663,457 $647,886 $601,223 $548,500 $564,400
Med Price Change +2.40% +7.76% +9.61% -2.90% -7.65%
Avg Bedrooms 2.99 beds 2.87 beds 2.93 beds 3 beds 3.04 beds
Avg Bathrooms 2.61 baths 2.62 baths 2.63 baths 2.66 baths 2.66 baths
Total Homes Average Price Avg Days on Site
All Homes 170 $1,321,734 106 days
Multi-Million Dollar Homes 45 $3,523,002 176 days
Newly Built Homes 26 $1,517,275 153 days
Homes with a Pool 9 $1,347,522 77 days
Reduced Price Homes 4 $924,200 59 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 6 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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