Prior Lake median home prices fell by 4.8% in January 2021

Medium re 3

The median sale price of a home sold in January 2021 in Prior Lake fell by $16,225 while total sales decreased by 43.8%, according to

In January 2021, there were 18 homes sold, with a median sale price of $323,700 - a 4.8% decrease over the $339,925 median sale price for the same period of the previous year. There were 32 homes sold in Prior Lake in January 2020.

The median sales tax in Prior Lake for the most recent year with available data, 2019, was $3,870, approximately 1.2% of the median home sale price for January 2021.

The following table compares Prior Lake to other Scott County cities in January 2021:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
New Prague24-50%$339,000$191,28877.2%
Prior Lake1832-43.8%$323,700$339,924.50-4.8%
Elko New Market36-50%$306,500$274,55011.6%
Belle Plaine770%$278,000$195,00042.6%

Blockshopper green logo