April 2021: Lakeville experienced a 8.5% increase in median home prices

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The median sale price of a home sold in April 2021 in Lakeville rose by $28,550 while total sales increased by 10.3%, according to BlockShopper.com.

In April 2021, there were 64 homes sold, with a median sale price of $365,000 - a 8.5% increase over the $336,450 median sale price for the same period of the previous year. There were 58 homes sold in Lakeville in April 2020.

The median sales tax in Lakeville for the most recent year with available data, 2020, was $4,024, approximately 1.1% of the median home sale price for April 2021.

The following table compares Lakeville to other Dakota County cities with similar median sale prices in April 2021:

CityApr. 2021 Home SalesApr. 2020 Home Sales% change (Total Home Sales)Apr. 2021 Median Sales PriceApr. 2020 Median Sales Price% change (Median Sales Price)
Apple Valley6171-14.1%$315,000$255,00023.5%
West St. Paul19185.6%$300,000$264,90013.3%
Inver Grove Heights37355.7%$290,000$243,00019.3%

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