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PRIOR LAKE, MN 55372

Real Estate Market Report  ·  Scott County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
99
⇧ 28.6% vs 77 last year
Pending
32
32% pending ratio
Median Price
$775,000
⇩ 7% vs $833,175 last year
Average Price
$980,675
⇩ 8.1% vs $1,066,826 last year
Days on Market
82
⇧ 24.2% vs 66 days last year

Market Context

Population: 34,184  ·  Density: 225.6/mi²  ·  Median household income: $137,301

Typical home value: $421,073  ·  Homeownership: 90.5%

Market Analysis

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

The PRIOR LAKE, MN real estate market (55372) currently shows 99 active listings, with 32 pending sales. Homes are averaging 82 days on the market before going under contract.

Inventory has increased compared to last year, with 22 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 82 days on market compared to 66 days last year.

The median listing price has fallen 7% year-over-year, from $833,175 to $775,000.

Whether you are buying or selling in PRIOR LAKE, 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 99 this year vs 77 last year
  • Days on market: 82 now vs 66 last year

Median & Average Pricing

Year over Year
  • Median: $775,000 (-7% YoY)
  • Average: $980,675 (-8.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 14.3 miles — 587 listings ($346,035,469 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55372Prior Lake, MN 553720.0 mi99$97,086,825$775,000$980,675
55306Burnsville, MN 553066.9 mi28$11,502,708$385,000$410,811
55020Elko New Market, MN 550207.2 mi21$12,303,858$559,945$585,898
55054Elko New Market, MN 550548.0 mi26$12,407,876$467,990$477,226
55337Burnsville, MN 553379.6 mi82$24,152,198$270,000$294,539
55088Webster, MN 5508810.3 mi3$2,489,700$829,900$829,900
55347Eden Prairie, MN 5534710.8 mi97$85,538,674$638,950$881,842
55124Saint Paul, MN 5512411.4 mi95$36,264,445$297,500$381,731
55344Eden Prairie, MN 5534412.9 mi25$7,177,225$249,900$287,089
55315Carver, MN 5531513.6 mi31$19,387,183$566,210$625,393
55439Minneapolis, MN 5543913.7 mi26$21,893,846$517,450$842,071
55435Minneapolis, MN 5543514.0 mi39$11,873,121$147,450$304,439
55425Minneapolis, MN 5542514.3 mi15$3,957,810$319,000$263,854

Frequently Asked Questions

How many homes are for sale in PRIOR LAKE, MN 55372?

As of January 2026, there are 99 active listings in PRIOR LAKE, MN (zip code 55372), compared to 77 the prior year.

What is the median home price in PRIOR LAKE, MN 55372?

The median listing price in PRIOR LAKE, MN 55372 is $775,000 as of January 2026, a 7% decrease from $833,175 the prior year.

How long do homes stay on the market in PRIOR LAKE, MN?

Homes in PRIOR LAKE, MN 55372 spend an average of 82 days on the market before going under contract, compared to 66 days the prior year.

Is it a seller's or buyer's market in PRIOR LAKE, MN 55372?

Based on current inventory and days-on-market data as of January 2026, PRIOR LAKE, MN 55372 is currently a Buyer's Market. Inventory has increased compared to last year, with 22 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 82 days on market compared to 66 days last year.

How much can I save on real estate commission in PRIOR LAKE, MN?

With SELL123.com's maximum 3% commission, sellers in PRIOR LAKE, MN 55372 save an estimated $15,500 compared to a typical 5% commission on the median listing price of $775,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.