All Home Types
Prior Lake, MN Housing Market
What is the housing market like in Prior Lake today?
In November 2024, Prior Lake home prices were up 32.6% compared to last year, selling for a median price of $630K. On average, homes in Prior Lake sell after 38 days on the market compared to 23 days last year. There were 33 homes sold in November this year, down from 39 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$630,000
+32.6% YoY | Nov 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Nov 2024
Growth
% YoY
Prior Lake, MN
$630,000
+32.6%
United States
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Prior Lake Migration & Relocation Trends
In Sep '24 - Nov '24, 20% of Prior Lake homebuyers searched to move out of Prior Lake, while 80% looked to stay within the metropolitan area.
- Across the nation, 0.79% of homebuyers searched to move into Prior Lake from outside metros.
- Albuquerque homebuyers searched to move into Prior Lake more than any other metro followed by Miami and Chicago.
Where are people moving to Prior Lake from?
- 80% of Prior Lake homebuyers searched to stay within the Prior Lake metropolitan area.
- Brainerd was the most popular destination among Prior Lake homebuyers followed by Duluth and Cape Coral.
Where are people from Prior Lake moving to?
Number of People Moving to Prior Lake
least
most
People are moving to Prior Lake from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 717 | ||
| 2 | 700 | ||
| 3 | 599 | ||
| 4 | 414 | ||
| 5 | 318 | ||
| 6 | 285 | ||
| 7 | 271 | ||
| 8 | 235 | ||
| 9 | 176 | ||
| 10 | 158 | ||
People are leaving Prior Lake for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 435 | ||
| 2 | 248 | ||
| 3 | 196 | ||
| 4 | 102 | ||
| 5 | 78 | ||
| 6 | 68 | ||
| 7 | 50 | ||
| 8 | 46 | ||
| 9 | 43 | ||
| 10 | 40 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Prior Lake.
Provided by First Street Foundation
Transportation in Prior Lake
Learn about the walkability, bikeability, and transit-friendliness of Prior Lake
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