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City / Town Overview

Lakeville, MN

Aggregate real estate market report across all ZIPs in scope
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Analysis

Data as of January 2026. Source: Realtor.com.

The Lakeville, MN real estate market currently shows 260 active listings, with 87 pending sales. Homes are averaging 65 days on the market before going under contract.

Inventory has increased compared to last year, with 31 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 65 days on market compared to 56 days last year.

The median listing price has fallen 1% year-over-year, from $605,175 to $599,265.

Whether you are buying or selling in Lakeville, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Temperature & Context

Hotness Score
63.5 / 100
Ranked #476 nationally   ▼ 164 vs. last year
Supply vs. Demand
Demand 32% Supply 68%
Elevated supply — more choice for buyers
Page views per listing near national average
Market Context

Population: 61,134  ·  Density: 361.7/mi²  ·  Median household income: $133,085

Typical home value: $433,807  ·  Homeownership: 87.3%

Market temperature data: Realtor.com Research

Included Areas

Lakeville: 55044

Area Map

Market Overview

Active Listings
260
⇧ 13.5% vs 229 last year
Pending
87
33% pending ratio
Median Price
$599,265
⇩ 1% vs $605,175 last year
Average Price
$631,269
⇩ 3.3% vs $652,653 last year
Days on Market
65
⇧ 16.1% vs 56 days last year

Price Per Square Foot

Median $/sqft
$218
vs $218/sqft last year
Median Home Size
2,608 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %