Lakeville, MN Housing Market & Real Estate

Balanced market-1.7% YoY

Housing market overview · Updated weekly ·

Quick answer: The median home sale price in Lakeville, MN is $477,000, down 1.7% year-over-year. Homes sell in an average of 84 days with 224 active listings. The market is currently a balanced market.

$477,000median sale price

Is Lakeville a buyer's or seller's market?

Balanced market3.5 months of supply84 avg. days on market

Lakeville, MN is currently a balanced market, based on 3.5 months of supply and homes selling in about 84 days. How we determine this →

Homes sold

64

Last 12 weeks

Days on market

84

Average pace

Active listings

224

3.5 months supply

Sale-to-list

99.1%

Below asking

Lakeville, MN market data

Current housing market statistics for Lakeville, MN
MetricValue
Median sale price$477,000
Median list price$547,396
Year-over-year price change-1.7%
Average days on market84 days
Active inventory224 listings
Months of supply3.5 months
Sale-to-list price ratio99.1%
Market conditionBalanced market

Source: Redfin · Updated weekly

The Lakeville housing market is currently classified as a balanced market with a median sale price of $477,000. Prices have fallen 1.7% compared to last year, with homes spending an average of 84 days on market, indicating 3.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.

Market trends

Homes for sale in Lakeville

There are currently 224 homes listed for sale in Lakeville, Minnesota. The median listing price is $547K. Featured listings range from $399,000 to $924,395.

4 bedroom house for sale at 18121 Kindred Ct Lakeville 55044 - $399,000
New listing
44
$399,000

18121 Kindred Ct

Lakeville, MN 55044

4 bd4 ba2,493 sqft
House3,006 sqft lot
Sold 2018 for $295K

Theresa Gage · Re Max Advantage Plus

More about this property
2 bedroom house for sale at 11653 202nd St W Lakeville 55044 - $424,900
New listingNew build
12
$424,900

11653 202nd St W

Lakeville, MN 55044

2 bd2 ba1,216 sqft
House4,356 sqft lot
More about this property
3 bedroom townhouse for sale at 18639 Kalmar Trl Lakeville 55044 - $430,000
New listing
2
$430,000

18639 Kalmar Trl

Lakeville, MN 55044

3 bd3 ba2,890 sqft
Townhouse2,614 sqft lot
Sold 2024 for $411K

Richard Webb · RE MAX Results

More about this property
3 bedroom townhouse for sale at 18348 Glasswort Dr Lakeville 55044 - $460,000
New listing
47
$460,000

18348 Glasswort Dr

Lakeville, MN 55044

3 bd4 ba2,394 sqft
Townhouse1,786 sqft lot
Sold 2022 for $390K

Thomas Schiffler · Premier Real Estate Services

More about this property
4 bedroom house for sale at 10277 Upper 178th St W Lakeville 55044 - $475,000
New listing
58
$475,000

10277 Upper 178th St W

Lakeville, MN 55044

4 bd3 ba2,859 sqft
House34,412 sqft lot
Sold 2014 for $387K
More about this property
6 bedroom house for sale at 6649 167th St W Lakeville 55068 - $489,860
New listingNew build
41
$489,860

6649 167th St W

Lakeville, MN 55068

6 bd3 ba2,392 sqft
House10,890 sqft lot

Alan Youngkrantz · Fieldstone Real Estate Specialists

More about this property
3 bedroom house for sale at 17400 Durham Dr Lakeville 55044 - $509,990
New listingPrice cut $5KNew build
28
$509,990

17400 Durham Dr

Lakeville, MN 55044

3 bd2 ba1,866 sqft
House
Est. $507K
More about this property
3 bedroom townhouse for sale at 4992 161st St W Lakeville 55044 - $537,600
New listing
42
$537,600

4992 161st St W

Lakeville, MN 55044

3 bd3 ba2,025 sqft
Townhouse1,220 sqft lot
Sold 2024 for $528K
More about this property
4 bedroom house for sale at 23770 Natchez Ave Lakeville 55044 - $545,000
New listing
41
$545,000

23770 Natchez Ave

Lakeville, MN 55044

4 bd2 ba2,230 sqft
House3.69 acres
More about this property
4 bedroom house for sale at 5349 178th St W Lakeville 55044 - $556,675
New listingNew build
42
$556,675

5349 178th St W

Lakeville, MN 55044

4 bd3 ba2,868 sqft
House8,364 sqft lot
More about this property
4 bedroom house for sale at 18820 Ixonia Ave Lakeville 55044 - $880,129
New listingNew build
$880,129

18820 Ixonia Ave

Lakeville, MN 55044

4 bd4 ba3,119 sqft
House13,329 sqft lot
More about this property
4 bedroom house for sale at 9951 188th Ct W Lakeville 55044 - $924,395
New listingNew build
$924,395

9951 188th Ct W

Lakeville, MN 55044

4 bd4 ba3,315 sqft
House16,509 sqft lot
More about this property

Looking to buy in Lakeville?

Get connected with a local real estate expert — free, no obligation.

Active listings

224

Homes on market

Median list price

$547K

Avg. days on market

84

Days until sale

New this week

105

Newly listed

Price drops:25.9%of listings
Sale-to-list:99.1%

Top public schools in Lakeville

21 schools tracked · 12,850 students

The largest public schools serving Lakeville, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.

LAKEVILLE SOUTH HIGH

Grades 9-12 · 1,895 students

Public

LAKEVILLE NORTH HIGH

Grades 7-12 · 1,866 students

Public

CENTURY MIDDLE SCHOOL

Grades 6-8 · 959 students

Public

CHERRY VIEW ELEMENTARY

Grades K-5 · 885 students

Public

MCGUIRE MIDDLE

Grades 6-8 · 861 students

Public

East Lake Elementary School

Grades PK-5 · 829 students

Public

LAKE MARION ELEMENTARY

Grades K-5 · 790 students

Public

KENWOOD TRAIL MIDDLE SCHOOL

Grades 6-8 · 788 students

Public

Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.

Explore nearby cities in MN

Frequently asked questions

What is the average home price in Lakeville?

The median home sale price in Lakeville is $477,000, down 1.7% from last year.

How long do homes stay on market in Lakeville?

Homes typically spend 84 days on market before going under contract.

Is Lakeville a buyer's or seller's market?

With 3.5 months of supply, Lakeville is currently a balanced market.

How many homes are for sale in Lakeville?

There are currently 224 homes listed for sale in Lakeville, MN.

Pre-launch · for real estate professionals

Reserve a slot on this page

Get your brokerage in front of buyers actively shopping this city on the Lakeville, MN market page when featured listings launch in the next 1-2 weeks. One brokerage slot per page, billed monthly once live.

$100 / month

Reserve slot

Get Lakeville market alerts

Weekly updates on prices, inventory, and trends. Free forever.