Explore Prior Lake
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Why Live in Prior Lake
Prior Lake, MN, is a vibrant community of around 29,000 residents, known for its outdoor recreation and small-town atmosphere. Anchored by two large recreational lakes, it offers numerous activities such as boating, jet skiing, and public beaches. The city features 51 parks, including the expansive Lakefront Park, which boasts amenities like trails, tennis and Pickleball courts, ice rinks, a sledding hill, playgrounds, fishing docks, and kayak rentals. Events like the Lakefront Music Fest in July and DecemBRRR Dazzle in winter draw large crowds, adding to the community spirit. Downtown Prior Lake offers a variety of dining and shopping options, including Perron's Sul Lago Italian Bistro and Charlie's on Prior, where diners enjoy lake views. The Prior Lake Farmers Market operates year-round, providing fresh local produce. The area is served by the highly rated Prior Lake-Savage Area Schools, including Westwood Elementary School, Hidden Oaks Middle School, and Prior Lake High School, which are part of an E-STEM district. New housing developments like Springview Meadows feature farmhouse-style homes with modern amenities. Essential services are conveniently located, with a Target 3 miles north and a Hy-Vee grocery store nearby. St. Francis Regional Medical Center is 7 miles northwest, and Minneapolis–Saint Paul International Airport is 13 miles away. The community is car-dependent but has some public transportation options to downtown Minneapolis.
Home Prices in Prior Lake, MN
The median home sale price in Prior Lake, MN is $497,000, up 5% year-over-year. Homes in Prior Lake sell in 48 days on average, compared to the national average of 56 days.
Home Price Trends
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Median Sale Price
$497,000
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Median Single Family Sale Price
$557,450
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Median Townhouse Sale Price
$396,950
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Median 2 Bedroom Sale Price
$299,950
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Median 1 Bedroom Sale Price
$205,000
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Average Price Per Sq Ft
$247
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Number of Homes for Sale
142
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Last 12 months Home Sales
435
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Months of Supply
3.90
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Median List Price
$550,950
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Median Change From 1st List Price
0%
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Median Home Sale Price YoY Change
5%
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