The median sale price of a home sold in the third quarter of 2020 in Lakeville rose by $23,750 while total sales decreased by 27.2%, according to BlockShopper.com.
From July through September of 2020, there were 222 homes sold, with a median sale price of $343,750 - a 7.4% increase over the $320,000 median sale price for the same period of the previous year. There were 305 homes sold in Lakeville in the third quarter of 2019.
The median sales tax in Lakeville for the most recent year with available data, 2019, was $3,651, approximately 1.1% of the median home sale price for the third quarter of 2020.
The following table compares Lakeville to other Dakota County cities with similar median sales prices in the third quarter of 2020:
| City | July - Sept. 2020 Home Sales | July - Sept. 2019 Home Sales | % change (Total Home Sales) | July - Sept. 2020 Median Sales Price | July - Sept. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Eureka Center | 2 | 4 | -50% | $1,076,587 | $323,500 | 232.8% |
| Lilydale | 3 | 10 | -70% | $575,000 | $262,000 | 119.5% |
| Mendota Heights | 35 | 57 | -38.6% | $402,500 | $469,500 | -14.3% |
| Randolph | 4 | 5 | -20% | $399,000 | $335,000 | 19.1% |
| Nininger | 4 | 2 | 100% | $382,500 | $452,500 | -15.5% |
| Lakeville | 222 | 305 | -27.2% | $343,750 | $320,000 | 7.4% |
| Eagan | 184 | 340 | -45.9% | $325,000 | $310,000 | 4.8% |
| Vermillion | 5 | 5 | 0% | $320,000 | $315,000 | 1.6% |
| Rosemount | 96 | 123 | -22% | $306,100 | $292,000 | 4.8% |
| Farmington | 98 | 164 | -40.2% | $303,500 | $272,000 | 11.6% |
| Burnsville | 211 | 300 | -29.7% | $298,000 | $275,000 | 8.4% |
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