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Prior Lake, MN Housing Market

$524,570

3.2% 1-yr

The average Prior Lake, MN home value is $524,570, up 3.2% over the past year and goes to pending in around 31 days.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Prior Lake Key Takeaways

Typical Home Values: $524,570

1-year Value Change: +3.2%

(Data through September 30, 2025)

Prior Lake Housing Market Overview

--1-year Market Forecast
139For sale inventory(September 30, 2025)
50New listings(September 30, 2025)
0.997Median sale to list ratio(August 31, 2025)
$500,500Median sale price(August 31, 2025)
$570,833Median list price(September 30, 2025)
32.5%Percent of sales over list price(August 31, 2025)
48.1%Percent of sales under list price(August 31, 2025)
31Median days to pending(September 30, 2025)
(Metric availability is based on market coverage and data)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Neighborhoods

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Prior Lake Rental Market Trends

$1,909Average rent in Prior Lake(September 30, 2025)
$1,979National average rent(September 30, 2025)
-1.5%Month-over-month change(September 30, 2025)
--Year-over-year change
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.

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