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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

$1,327,594

AVERAGE PRICE OF 216 HOMES

$272,950

AVERAGE PRICE OF 1 DISTRESSED HOMES

$2,873,174

AVERAGE PRICE OF 72 MULTI-MILLION DOLLAR HOMES

$1,770,961

AVERAGE PRICE OF 29 NEWLY BUILT HOMES

$1,704,606

AVERAGE PRICE OF 16 HOMES WITH A POOL

$646,422

AVERAGE PRICE OF 9 REDUCED PRICE HOMES

Average Home

Average Price $1,327,594
Avg Bedrooms 3.16 beds
Avg Bathrooms 2.86 baths

Average Price by Bedrooms

1 bedroom $109,000
2 bedrooms $352,212
3 bedrooms $650,986
4 bedrooms $1,194,250
5 bedrooms $1,436,477
Prior Lake Home Price Trends
  8/2026 7/2026 6/2026 5/2026 4/2026
Total Listings 225 223 n/a n/a 211
Average Price $1,332,779 $1,355,799 n/a n/a $1,258,695
Avg Price Change -1.73% n/a n/a n/a -4.11%
Median Price $724,088 $749,285 n/a n/a $655,329
Med Price Change -3.48% n/a n/a n/a +2.28%
Avg Bedrooms 3.34 beds 3.36 beds n/a n/a 3.16 beds
Avg Bathrooms 2.99 baths 2.99 baths n/a n/a 2.78 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 216 $1,327,594 89 days
Distressed Homes 1 $272,950 100 days
Multi-Million Dollar Homes 72 $2,873,174 115 days
Newly Built Homes 29 $1,770,961 154 days
Homes with a Pool 16 $1,704,606 65 days
Reduced Price Homes 9 $646,422 25 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 September 6, 2026 4 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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