Prior Lake, MN Foreclosures
How much do homes sell for in Prior Lake, MN?
The average home price is currently $619,155.
In Prior Lake, MN, how many homes are available?
There are currently 48 active home listings available in Prior Lake.
What’s the average rental cost in Prior Lake, MN?
The average rental price in Prior Lake is $2,320.
What is the most expensive home in Prior Lake?
The most expensive home sold in Prior Lake had a price of $9,344,945.
What is currently the cheapest priced home in Prior Lake, MN?
The cheapest home for sale in Prior Lake is priced at $27,008.
Living in Prior Lake, MN
Prior Lake, located in Scott County, MN, is a lively suburban city known for its scenic lakes and strong sense of community. The area boasts a variety of outdoor activities, quality educational institutions, and a charming downtown filled with shops and restaurants. Families and professionals alike find Prior Lake an appealing place to live, with a friendly atmosphere and recreational opportunities.
Current Market Conditions in Prior Lake, MN
The real estate market in Prior Lake has shown a steady increase in home values over the past year, driven by the area's appealing family-oriented amenities, schools, and outdoor activities. As the demand for homes rises due to new families moving to the area, it has become a competitive market for buyers.
Current market trends indicate that inventory levels have decreased slightly, making it more challenging for buyers to find homes. However, there remains strong interest in various types of properties, resulting in homes often selling quickly, sometimes within days of being listed.
Home Value Estimator For Prior Lake, MN
There are currently 13,353 real estate properties
in Prior Lake, MN,
with a median automated valuation model (AVM) price
of $507,705.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Prior Lake, MN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Prior Lake, MN,
is $619,155.00, with the most expensive house
in Prior Lake, MN, topping out
at $9,344,945.00 and the cheapest home
in Prior Lake, MN,
clocking in at $27,008.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Prior Lake, MN!
Rent Prices
In Prior Lake, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Prior Lake, MN, is on
a rollercoaster ride. The
average rent price in Prior Lake, MN,
is $2,320.00. Indeed, when looking to rent in
Prior Lake, MN, you can expect to pay as little
as $750.00 or as much
as $4,520.00,
with the average rent median estimated to
be $2,190.00. The good news is that finding
an affordable and desirable property to rent in Prior Lake, MN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
