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County Overview

Dakota County, MN

Aggregate real estate market report across county ZIPs
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The Dakota County, MN real estate market currently shows 1,892 active listings, with 476 pending sales. Homes are averaging 40 days on the market before going under contract.

Inventory has increased compared to last year, with 259 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 40 days on market compared to 36 days last year.

The median listing price has fallen 7.8% year-over-year, from $449,900 to $415,000.

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Market Context

Market Context

Population: 441,185  ·  Density: 736.7/mi²  ·  Median household income: $103,919

Typical home value: $346,057  ·  Homeownership: 76.6%

Included Areas

Saint Paul: 55118, 55120, 55121, 55122, 55123, 55124

Burnsville: 55306, 55337

Inver Grove Heights: 55076, 55077

Castle Rock: 55010

Farmington: 55024

Hampton: 55031

Hastings: 55033

Lakeville: 55044

Mendota: 55150

Randolph: 55065

Rosemount: 55068

South Saint Paul: 55075

Vermillion: 55085

Area Map

Market Overview

Active Listings
1,892
⇧ 15.9% vs 1,633 last year
Pending
476
25% pending ratio
Median Price
$415,000
⇩ 7.8% vs $449,900 last year
Average Price
$494,452
⇩ 5% vs $520,620 last year
Days on Market
40
⇧ 11.1% vs 36 days last year

Price Per Square Foot

Median $/sqft
$193
⇩ 2.5% vs $198/sqft last year
Median Home Size
2,108 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99.8%
Listings with no price change
Price Reduced
0.2%
⇧ 13% vs 0.2% last year
Price Increased
0%
⇩ 56.2%
12-Month Price Reduction Trend

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

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 %