New Listing
44
$399,000
18121 Kindred Ct
Lakeville, MN 55044
4 bd4 ba2,493 sqft$160/ft²
House3,006 sqft lot
Theresa Gage · Re Max Advantage Plus
View photos & details
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Sarah Mitchell
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Compass Real Estate · Lakeville, MN
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Lakeville, MN(512) 555-0184TX License #0512847
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Lakeville, MN Housing Market & Real Estate
Seller's market-4.0% YoY
Housing market overview · Updated monthly ·
$514,924median sale price
How is the Lakeville, MN housing market right now?
The median home sale price in Lakeville, MN is $514,924, down 4.0% year-over-year. Homes sell in an average of 31 days with 301 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lakeville a buyer's or seller's market?
Seller's market2.7 months of supply31 avg. days on market
Lakeville, MN is currently a seller's market, based on 2.7 months of supply and homes selling in about 31 days. How we determine this →
Homes sold
112
Last 12 weeks
Days on market
31
Average pace
Active listings
301
2.7 months supply
Sale-to-list
100.3%
Above asking
What does the Lakeville housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $514,924 |
| Median list price | $525,000 |
| Year-over-year price change | -4.0% |
| Average days on market | 31 days |
| Active inventory | 301 listings |
| Months of supply | 2.7 months |
| Sale-to-list price ratio | 100.3% |
| Median price per sq ft | $196/sq ft |
| Homes sold (latest month) | 112 |
| New listings (latest month) | 174 |
| Listings with a price cut | 37.9% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lakeville by property type?
How the Lakeville, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $575,000 | $210/sq ft | 77 | 24 days |
| Condo / Co-op | $169,900 | $227/sq ft | 1 | 19 days |
| Townhouse | $343,000 | $180/sq ft | 35 | 36 days |
Source: Redfin · Updated monthly
The Lakeville housing market is currently classified as a seller's market with a median sale price of $514,924. Prices have fallen 4.0% compared to last year, with homes spending an average of 31 days on market, indicating 2.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.6x provides context for how home values compare to local earning capacity.
Homes for sale in Lakeville
There are currently 301 homes listed for sale in Lakeville, Minnesota. The median listing price is $525K. Featured listings range from $399,000 to $924,395.
New Build
12
$424,900
11653 202nd St W
Lakeville, MN 55044
2 bd2 ba1,216 sqft$349/ft²
House4,356 sqft lot
View photos & details
New Listing
2
$430,000
18639 Kalmar Trl
Lakeville, MN 55044
3 bd3 ba2,890 sqft$149/ft²
Townhouse2,614 sqft lot
Richard Webb · RE MAX Results
View photos & details
New Listing
47
$460,000
18348 Glasswort Dr
Lakeville, MN 55044
3 bd4 ba2,394 sqft$192/ft²
Townhouse1,786 sqft lot
Thomas Schiffler · Premier Real Estate Services
View photos & details
New Listing
58
$475,000
10277 Upper 178th St W
Lakeville, MN 55044
4 bd3 ba2,859 sqft$166/ft²
House34,412 sqft lot
View photos & details
New Build
41
$489,860
6649 167th St W
Lakeville, MN 55068
6 bd3 ba2,392 sqft$205/ft²
House10,890 sqft lot
Alan Youngkrantz · Fieldstone Real Estate Specialists
View photos & details
New BuildPrice Drop −$5K
28
$509,990
17400 Durham Dr
Lakeville, MN 55044
3 bd2 ba1,866 sqft$273/ft²
House
View photos & details
New Listing
42
$537,600
4992 161st St W
Lakeville, MN 55044
3 bd3 ba2,025 sqft$265/ft²
Townhouse1,220 sqft lot
View photos & details
New Listing
41
$545,000
23770 Natchez Ave
Lakeville, MN 55044
4 bd2 ba2,230 sqft$244/ft²
House3.69 acres
View photos & details
New Build
42
$556,675
5349 178th St W
Lakeville, MN 55044
4 bd3 ba2,868 sqft$194/ft²
House8,364 sqft lot
View photos & details
New Build
$880,129
18820 Ixonia Ave
Lakeville, MN 55044
4 bd4 ba3,119 sqft$282/ft²
House13,329 sqft lot
View photos & details
New Build
$924,395
9951 188th Ct W
Lakeville, MN 55044
4 bd4 ba3,315 sqft$279/ft²
House16,509 sqft lot
View photos & details
Looking to buy in Lakeville?
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Active listings
301
Homes on market
Median list price
$525K
Avg. days on market
31
Days until sale
New this week
174
Newly listed
Price drops:37.9%of listings
Sale-to-list:100.3%
Who lives in Lakeville?
Population
72,480
Median income
$138,119/yr
Median age
36.9 years
Owner-occupied
87.8%
College grads
50.9%
Avg commute
24.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Lakeville?
Zillow home value
$493,681
Zillow rent index
$2,029/mo
Price-to-rent ratio
20.3x
Price-to-income
3.6x
Source: Zillow Research
What is it like to live in Lakeville?
Lakeville is a community of approximately 72K residents with a median age of 36.9 years.The median household income is $138,119, which reflects a relatively affluent area with strong earning potential. 50.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 87.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lakeville offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve 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
LAKEVILLE NORTH HIGH
Grades 7-12 · 1,866 students
CENTURY MIDDLE SCHOOL
Grades 6-8 · 959 students
CHERRY VIEW ELEMENTARY
Grades K-5 · 885 students
MCGUIRE MIDDLE
Grades 6-8 · 861 students
East Lake Elementary School
Grades PK-5 · 829 students
LAKE MARION ELEMENTARY
Grades K-5 · 790 students
KENWOOD TRAIL MIDDLE SCHOOL
Grades 6-8 · 788 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lakeville, MN?
Want a head-to-head view? Compare Lakeville side-by-side with any other U.S. city using our market-comparison tool.
Which ZIP codes are in Lakeville?
Is Lakeville a good real estate investment market?
For investors evaluating Lakeville, the price-to-rent ratio of 20.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 4.0% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Lakeville's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lakeville's median home price.
Frequently asked questions
What is the average home price in Lakeville?
The median home sale price in Lakeville is $514,924, down 4.0% from last year.
How long do homes stay on market in Lakeville?
Homes typically spend 31 days on market before going under contract.
What is the median income in Lakeville?
The median household income is $138,119 per year.
Is Lakeville a buyer's or seller's market?
With 2.7 months of supply, Lakeville is currently a seller's market.
How many homes are for sale in Lakeville?
There are currently 301 homes listed for sale in Lakeville, MN.
What is the Zillow home value estimate for Lakeville?
The Zillow Home Value Index (ZHVI) for Lakeville is $493,681, representing the typical home value in the area.
What is the median condo price in Lakeville?
The median condo/co-op sale price in Lakeville, MN is $169,900, compared to $575,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lakeville?
The median single-family home price in Lakeville, MN is $575,000 (about $210 per square foot).
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